$5,078

Avg. Federal Grant

$5,822

Avg. Federal Loan

$43,581,070

Total Aid Awarded

Indiana University Of Pennsylvania (IUP) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$43.581M

Financial Aid Official Website

www.iup.edu/financialaid/default.aspx

Among them are scholarship programs such as Board of Governors Scholarship, CDV - Remission of Fees, Carl S. Micarelli Memorial Scholarship, and Graduate Assistantship. As many as 92% of the students at IUPMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $43,190,262 in a year. More information regarding the financial assistance schemes can be accessed on IUPMC’s official financial aid page at http://www.iup.edu/financialaid/default.aspx. At IUPMC, the total percentage of applicants who receive the Federal Grant stands at 45%. In comparison, 70% of the students are awarded the Student Grant, 36% get the Institution Grant, and 45% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,055, the State Grant receivers and Institution Grant beneficiaries get $3,027 and $3,236, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,431. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Indiana University of Pennsylvania-Main Campus, the percentage of candidates who opt to avail of student loans is around 81%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

41%

Institution Grant Aid

40%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$5,078

State Grant Aid

$3,065

Institution Grant Aid

$2,032

Pell Grant

$4,444

With Institutional grants having the lowest contribution percentage of 40% with an average aid amount of $2,032. Federal and pell grants having the contribution percentage of 45% with an average aid of $5,078 and $4,444 respectively and state grants having 41% with an amount of $3,065.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,226

$30,001 - $48,000

$8,419

$48,001 - $75,000

$4,998

$75,001 - $110,000

$1,526

Over $110,000

$598

It is basically to help the students get the degree irrespective of their financial background.for those whose family income is under $30,000 they can expect the highest amount of aid i.e $9,226, family income between $30,001 to $48,000 can expect the amount of aid of $8,419, family income between $48,001 to $75,000 can expect $4,998 and for $75,001 to $1,10,000 gets the aid of $1,526 and family income over $1,10,000 can expect amount of $598.

Student Loans for Indiana University Of Pennsylvania (IUP)

Average Loan Amount Average Loan Amount received per year.

$9,465/Year

Students Taking Out Loans

81%

Loan Default Rate

7.3%

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