$6,043

Avg. Federal Grant

$11,315

Avg. Federal Loan

$3,791,953

Total Aid Awarded

Maharishi University of Management (MUM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$3.792M

Financial Aid Official Website

https://www.mum.edu/financial-aid/

Notably, 94% of the students at Maharishi University of Management get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,578,323. Notably, a total of 78% of the applicants to Maharishi University of Management receive the Federal Grant every year. On the other hand, 94% of the candidates get the Student Grant, 94% receive the Institution Grant, and 78% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,029. 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. 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. Candidates are also required to repay these loans within a given period. Every year, around 78% of the applicants to Maharishi University of Management opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

82%

State Grant Aid

N/A

Institution Grant Aid

100%

Pell Grant

76%

Average Aid Awarded

Federal Grant Aid

$6,043

State Grant Aid

N/A

Institution Grant Aid

$18,064

Pell Grant

$5,474

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,983

$30,001 - $48,000

N/A

$48,001 - $75,000

$22,940

$75,001 - $110,000

$23,880

Over $110,000

N/A

Student Loans for Maharishi University of Management (MUM)

Average Loan Amount Average Loan Amount received per year.

$11,315/Year

Students Taking Out Loans

76%

Loan Default Rate

5.9%

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