John Brown University (JBU) Financial Aid and Scholarships
Students Receiving Aid
75%
Total Aid Amount
$24.319M
Financial Aid Official Website
www.jbu.edu/admissions/financial_aid/
It is interesting to note that, every year, around 99% of students at JBU receive some kind of financial aid, while the total amount of assistance/loans provided is $5,407,997. For additional information about financial assistance schemes, one can head over to JBU’s financial aid page at http://www.jbu.edu/admissions/financial_aid/. The total percentage of candidates applying to John Brown University who receive the Federal Grant is 30%. In comparison, 99% of the students are awarded the Student Grant, 94% get the Institution Grant, and 29% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,191, and the same stands at $2,397 for State Grant awardees and $16,192 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,290. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $19,796 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $18,744 and $16,204, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $14,224. And, for those with a family income of more than $110,000, the amount stands at $11,983. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At JBU, an estimated number of 55% of the applicants choose to go for student loans.
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