$6,018

Avg. Federal Grant

$4,006

Avg. Federal Loan

$123,682,646

Total Aid Awarded

Johns Hopkins University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$123.683M

Financial Aid Official Website

finaid.johnshopkins.edu

Such schemes include Baltimore Scholars, Charles R. Westgate Scholarship in Engineering, Christa McAuliffe Scholarship, and Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program. As many as 67% of the students at JHU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,780,108 in a year. One can visit JHU's financial aid page at http://finaid.johnshopkins.edu for more information. The total percentage of candidates applying to Johns Hopkins University who receive the Federal Grant is 16%. In comparison, 60% of the students are awarded the Student Grant, 60% get the Institution Grant, and 16% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,903, the State Grant receivers and Institution Grant beneficiaries get $5,490 and $41,324, respectively. And, for the Pell Grant awardees, the average aid amount is $4,818. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $53,367 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $58,219, while those falling in the $48,001-$75,000 income category get $54,155 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $49,745. And, for those with a family income of more than $110,000, the amount stands at $22,289. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At JHU, an estimated number of 31% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

2%

Institution Grant Aid

58%

Pell Grant

16%

Average Aid Awarded

Federal Grant Aid

$6,018

State Grant Aid

$6,586

Institution Grant Aid

$40,540

Pell Grant

$4,832

As shown in the table the highest percentage of aid given to assist students is in the form of scholarships and grants. When it comes to exploring your student loan options it is advised that you exhaust yourself of federal student loan options and then start exploring private student loans.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$55,895

$30,001 - $48,000

$61,011

$48,001 - $75,000

$54,467

$75,001 - $110,000

$50,245

Over $110,000

$27,280

The University considers family income as one of the important factors while granting financial aid as each family income bracket have different budget and savings for their student's education. This might look like the following. 

If your family income is under $30,000 then you might receive an amount of $55,895 like financial aid and if it is of a range from $30,001 - $48,000 the aid rises to $61,011. The figures that you see here are based on observed values of financial aid with respect to the family income of past students.

For any family income that lies somewhere between $48,001 to $75,000 the financial aid that you might expect to receive can be close enough to a figure of $54,467. However, it has been noted that a family income falling under the range of $75,001 - $110,000 can avail a  financial aid of just $50,245 and for the income, more than $110,000 or more than the average aid amount received by the student is $27,280.

Student Loans for Johns Hopkins University

Average Loan Amount Average Loan Amount received per year.

$6,361/Year

Students Taking Out Loans

34%

Loan Default Rate

1.1%

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