Holy Family University Financial Aid and Scholarships
Students Receiving Aid
75%
Total Aid Amount
$26.105M
Financial Aid Official Website
https://www.holyfamily.edu/choosing-holy-family-u/financial-aid
Students can avail of scholarships provided by the university, such as Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, and Technology Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at HFU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $10,772,895. For additional information about financial assistance schemes, one can head over to HFU’s financial aid page at https://www.holyfamily.edu/choosing-holy-family-u/financial-aid. The total percentage of candidates applying to Holy Family University who receive the Federal Grant is 44%. In comparison, 100% of the students are awarded the Student Grant, 99% get the Institution Grant, and 44% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,041, while the same comes to $3,561 for State Grant receivers and $16,497 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,470. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,614 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $26,092, while those falling in the $48,001-$75,000 income category get $22,435 a year. On the other hand, the average federal aid stands at $20,198 for those with an annual family income between $75,001 and $110,000, and at $17,099 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 78% of the applicants to Holy Family University opt for student loans.
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