$4,489

Avg. Federal Grant

$5,249

Avg. Federal Loan

$36,713,527

Total Aid Awarded

Idaho State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$36.714M

Financial Aid Official Website

www.isu.edu/finaid/

It is interesting to note that, every year, around 92% of students at ISU receive some kind of financial aid, while the total amount of assistance/loans provided is $25,413,205. The total percentage of candidates applying to Idaho State University who receive the Federal Grant is 47%. Meanwhile, 85% of the applicants receive the Student Grant and 71% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,627, and the same stands at $3,396 for State Grant awardees and $4,276 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,320. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At ISU, an estimated number of 48% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

16%

Institution Grant Aid

66%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,489

State Grant Aid

$3,025

Institution Grant Aid

$4,477

Pell Grant

$4,352

The breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with Federal grants having the highest contribution of 48% with an average aid amount being $4,489.Pell grants have a percentage of 48% with an average aid amount of $4,352 which is higher than the State grant aid average of $3,025.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,236

$30,001 - $48,000

$4,414

$48,001 - $75,000

$2,152

$75,001 - $110,000

$213

Over $110,000

N/A

Lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $5,236.This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Idaho State University

Average Loan Amount Average Loan Amount received per year.

$5,469/Year

Students Taking Out Loans

49%

Loan Default Rate

7.9%

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