$4,656

Avg. Federal Grant

$5,567

Avg. Federal Loan

$35,311,433

Total Aid Awarded

Marian University Indianapolis Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$35.311M

Financial Aid Official Website

www.marian.edu/Admissions/Financial-Aid

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,947,823. Notably, a total of 41% of the applicants to Marian University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 39% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,852, and the same stands at $7,631 for State Grant awardees and $22,310 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,529. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 69% of the applicants to Marian University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

42%

Institution Grant Aid

100%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,656

State Grant Aid

$7,609

Institution Grant Aid

$21,073

Pell Grant

$4,374

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$32,533

$30,001 - $48,000

$32,179

$48,001 - $75,000

$26,664

$75,001 - $110,000

$24,027

Over $110,000

$21,460

Student Loans for Marian University Indianapolis

Average Loan Amount Average Loan Amount received per year.

$7,116/Year

Students Taking Out Loans

75%

Loan Default Rate

4.9%

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