$4,810

Avg. Federal Grant

$5,276

Avg. Federal Loan

$14,400,330

Total Aid Awarded

Howard Payne University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$14.400M

Financial Aid Official Website

www.hputx.edu/campus-offices/financial-aid/

Notably, 98% of the students at Howard Payne University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,770,665. The total percentage of candidates applying to Howard Payne University who receive the Federal Grant is 33%. Meanwhile, 83% of the applicants receive the Student Grant and 83% are awarded the Institution Grant, while 33% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,027, the State Grant receivers and Institution Grant beneficiaries get $3,301 and $12,815, respectively. And, for the Pell Grant awardees, the average aid amount is $4,808. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 65% of the applicants to Howard Payne University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

64%

Institution Grant Aid

96%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,810

State Grant Aid

$3,239

Institution Grant Aid

$12,445

Pell Grant

$4,185

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$20,904

$30,001 - $48,000

$19,012

$48,001 - $75,000

$15,898

$75,001 - $110,000

$15,225

Over $110,000

$12,864

Student Loans for Howard Payne University

Average Loan Amount Average Loan Amount received per year.

$8,084/Year

Students Taking Out Loans

83%

Loan Default Rate

9.4%