Methodist University Financial Aid and Scholarships
Students Receiving Aid
87%
Total Aid Amount
$34.244M
Financial Aid Official Website
www.methodist.edu/financial-aid
Among them are scholarship programs such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, North Carolina Student Incentive Grant, and Triangle Scholarship Program. As many as 99% of the students at MU get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,192,815 in a year. More information regarding the financial assistance schemes can be accessed on MU’s official financial aid page at http://www.methodist.edu/financial-aid. The total percentage of candidates applying to Methodist University who receive the Federal Grant is 45%. In comparison, 99% of the students are awarded the Student Grant, 98% get the Institution Grant, and 45% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,004, while the same comes to $4,694 for State Grant receivers and $18,364 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,386. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $23,997 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,075, while those falling in the $48,001-$75,000 income category get $21,240 a year. On the other hand, the average federal aid stands at $19,093 for those with an annual family income between $75,001 and $110,000, and at $16,467 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. At Methodist University, the percentage of candidates who opt to avail of student loans is around 72%.
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