$5,680

Avg. Federal Grant

$6,445

Avg. Federal Loan

$37,398,001

Total Aid Awarded

Jackson State University (JSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$37.398M

Financial Aid Official Website

www.jsums.edu/financialaid/

It is interesting to note that, every year, around 98% of students at JSU receive some kind of financial aid, while the total amount of assistance/loans provided is $42,549,285. For additional information about financial assistance schemes, one can head over to JSU’s financial aid page at http://www.jsums.edu/financialaid/. At JSU, the total percentage of applicants who receive the Federal Grant stands at 77%. On the other hand, 95% of the candidates get the Student Grant, 62% receive the Institution Grant, and 77% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,882, and the same stands at $3,255 for State Grant awardees and $6,506 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,129. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Jackson State University, the percentage of candidates who opt to avail of student loans is around 79%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

8%

Institution Grant Aid

35%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$5,680

State Grant Aid

$3,160

Institution Grant Aid

$8,223

Pell Grant

$5,368

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants,with institutional grants having the highest contribution of 35% with an average aid amount being $8223.

Pell grants have a percentage of 55% with an average aid amount of $5368 which is higher than the State grant aid average of $3160.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,531

$30,001 - $48,000

$9,900

$48,001 - $75,000

$7,387

$75,001 - $110,000

$2,900

Over $110,000

$4,316

As shown in the table 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 $9531 while those with family income over $110,000 can expect to receive an aid amount of $4316. This helps students who are coming from low income homes to pay for their degree.

Student Loans for Jackson State University (JSU)

Average Loan Amount Average Loan Amount received per year.

$6,782/Year

Students Taking Out Loans

57%

Loan Default Rate

17.8%

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