Kettering University Financial Aid and Scholarships
Students Receiving Aid
97%
Total Aid Amount
$33.781M
Financial Aid Official Website
https://www.kettering.edu/undergraduate-admissions/financial-aid/finaid-basics
Among them are scholarship programs such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship. It is interesting to note that almost every student at KU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,992,970. One can visit KU's financial aid page at https://www.kettering.edu/undergraduate-admissions/financial-aid/finaid-basics for more information. The total percentage of candidates applying to Kettering University who receive the Federal Grant is 24%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 24% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,142, the State Grant receivers and Institution Grant beneficiaries get $2,320 and $18,915, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,372. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $27,165 on average in a year. The average aid amount stands at $24,778 for an annual family income between $30,001 and $48,000. This amount comes to $20,001 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $18,690, while candidates with more than $110,000 of family income receive an average federal aid of $15,965. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Kettering University, the percentage of candidates who opt to avail of student loans is around 62%.
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