$5,022

Avg. Federal Grant

$5,420

Avg. Federal Loan

$33,780,968

Total Aid Awarded

Kettering University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

53%

Institution Grant Aid

100%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$5,022

State Grant Aid

$1,942

Institution Grant Aid

$18,063

Pell Grant

$4,344

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants. Institutional grants have the highest percentage contribution of 100% with an average aid amount being $18063.

Pell grants have a percentage of 22% with an average aid amount of $4344. State Grant Average aid would be $1942 with 53% aid percentage.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,032

$30,001 - $48,000

$24,412

$48,001 - $75,000

$23,201

$75,001 - $110,000

$19,316

Over $110,000

$17,888

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 $29032 while those with family income over $110,000 can expect to receive an aid amount of $17888. This helps students who are coming from low income homes to pay for their degree.

Student Loans for Kettering University

Average Loan Amount Average Loan Amount received per year.

$11,672/Year

Students Taking Out Loans

65%

Loan Default Rate

4%

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