$5,231

Avg. Federal Grant

$5,354

Avg. Federal Loan

$29,891,791

Total Aid Awarded

Manchester University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$29.892M

Financial Aid Official Website

www.manchester.edu/sfs

Students can avail of scholarships provided by the university, such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at MU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $7,173,565 in a year. More information regarding the financial assistance schemes can be accessed on MU’s official financial aid page at http://www.manchester.edu/sfs. Notably, a total of 46% of the applicants to Manchester University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 46% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,451, and the same stands at $7,380 for State Grant awardees and $21,101 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,816. 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 $27,905 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $25,337 and $22,986, respectively. Those with an annual income level of $75,001-$110,000 would receive $21,088, while candidates with more than $110,000 of family income receive an average federal aid of $17,455. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Manchester University, the percentage of candidates who opt to avail of student loans is around 96%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

47%

Institution Grant Aid

100%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,231

State Grant Aid

$7,811

Institution Grant Aid

$19,205

Pell Grant

$4,821

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,230

$30,001 - $48,000

$24,085

$48,001 - $75,000

$27,548

$75,001 - $110,000

$27,154

Over $110,000

$26,189

Student Loans for Manchester University

Average Loan Amount Average Loan Amount received per year.

$6,615/Year

Students Taking Out Loans

95%

Loan Default Rate

5.9%

Other Colleges In Indiana

Other Private not-for-profit Colleges

Everest University
Everest University

Tampa, Florida

Independence University
Independence University

Salt Lake City, Utah

Maryville University
Maryville University

Saint Louis, Missouri