Howard University Financial Aid and Scholarships
Students Receiving Aid
77%
Total Aid Amount
$104.223M
Financial Aid Official Website
www.howard.edu/financialaid/default.htm
As many as 99% of the students at HU get some sort of financial aid, and the total amount of assistance/loans provided is more than $23,677,397 in a year. More information regarding the financial assistance schemes can be accessed on HU’s official financial aid page at http://www.howard.edu/financialaid/default.htm. At HU, the total percentage of applicants who receive the Federal Grant stands at 46%. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 45% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,555, and the same stands at $1,340 for State Grant awardees and $20,632 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,014. 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 $18,532 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $16,904 and $15,332, respectively. Those with an annual income level of $75,001-$110,000 would receive $15,188, while candidates with more than $110,000 of family income receive an average federal aid of $24,051. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At HU, an estimated number of 64% of the applicants choose to go for student loans.
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