$4,547

Avg. Federal Grant

$4,407

Avg. Federal Loan

$35,591,709

Total Aid Awarded

Indiana University-Purdue University Fort Wayne (IPFW) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$35.592M

Financial Aid Official Website

www.pfw.edu/offices/financial-aid/

As many as 94% of the students at PUFW get some sort of financial aid, and the total amount of assistance/loans provided is more than $18,158,622 in a year. The total percentage of candidates applying to Purdue University Fort Wayne who receive the Federal Grant is 43%. On the other hand, 90% of the candidates get the Student Grant, 78% receive the Institution Grant, and 43% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,768, the State Grant receivers and Institution Grant beneficiaries get $5,155 and $2,676, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,596. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At PUFW, an estimated number of 45% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

45%

Institution Grant Aid

28%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,547

State Grant Aid

$5,877

Institution Grant Aid

$3,331

Pell Grant

$4,455

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,773

$30,001 - $48,000

$10,181

$48,001 - $75,000

$4,900

$75,001 - $110,000

$1,820

Over $110,000

$789

Student Loans for Indiana University-Purdue University Fort Wayne (IPFW)

Average Loan Amount Average Loan Amount received per year.

$5,177/Year

Students Taking Out Loans

49%

Loan Default Rate

7.5%

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