$4,881

Avg. Federal Grant

$5,543

Avg. Federal Loan

$21,611,651

Total Aid Awarded

Husson University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$21.612M

Financial Aid Official Website

www.husson.edu/financial-aid

Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Maine Difference Scholarship, and Maine Public Relations Council Scholarship. Interestingly, almost all of the students at HU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $15,143,284 in a year. The total percentage of candidates applying to Husson University who receive the Federal Grant is 49%. Meanwhile, 98% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 49% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,934, the State Grant receivers and Institution Grant beneficiaries get $1,525 and $8,607, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,430. 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. 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 85% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

31%

Institution Grant Aid

97%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$4,881

State Grant Aid

$1,386

Institution Grant Aid

$8,235

Pell Grant

$4,373

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,487

$30,001 - $48,000

$15,395

$48,001 - $75,000

$12,252

$75,001 - $110,000

$6,934

Over $110,000

$4,874

Student Loans for Husson University

Average Loan Amount Average Loan Amount received per year.

$7,580/Year

Students Taking Out Loans

84%

Loan Default Rate

8.1%

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