$4,960

Avg. Federal Grant

$5,332

Avg. Federal Loan

$45,897,022

Total Aid Awarded

Kean University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$45.897M

Financial Aid Official Website

www.kean.edu/offices/financial-aid

It is interesting to note that, every year, around 92% of students at KU receive some kind of financial aid, while the total amount of assistance/loans provided is $49,820,839. For additional information about financial assistance schemes, one can head over to KU’s financial aid page at http://www.kean.edu/offices/financial-aid. The total percentage of candidates applying to Kean University who receive the Federal Grant is 60%. In comparison, 76% of the students are awarded the Student Grant, 29% get the Institution Grant, and 60% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,004, while the same comes to $5,242 for State Grant receivers and $2,359 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,597. 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. 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. Every year, around 65% of the applicants to Kean University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

41%

Institution Grant Aid

26%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,960

State Grant Aid

$5,290

Institution Grant Aid

$2,124

Pell Grant

$4,812

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with State grants having the highest contribution of 41% with an average aid amount being $5,290.

Pell grants have a percentage of 55% with an average aid amount of $4,812 which is lower than the State grant aid average of $5,290.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,246

$30,001 - $48,000

$8,951

$48,001 - $75,000

$4,356

$75,001 - $110,000

$756

Over $110,000

$385

As shown in the table lower the family income higher is the amount of aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $10,246 while those with family income over $110,000 can expect to receive an aid amount of $385. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Kean University

Average Loan Amount Average Loan Amount received per year.

$9,865/Year

Students Taking Out Loans

67%

Loan Default Rate

6.9%

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