$4,499

Avg. Federal Grant

$3,370

Avg. Federal Loan

$3,741,902

Total Aid Awarded

Multnomah University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$3.742M

Financial Aid Official Website

https://www.multnomah.edu/admissions/tuition-financial-aid/

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 $1,846,794 in a year. More information regarding the financial assistance schemes can be accessed on MU’s official financial aid page at https://www.multnomah.edu/admissions/tuition-financial-aid/. At MU, the total percentage of applicants who receive the Federal Grant stands at 47%. On the other hand, 97% of the candidates get the Student Grant, 97% receive the Institution Grant, and 45% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,441, while the same comes to $2,857 for State Grant receivers and $8,988 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,232. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $15,582 in a year. The average aid amount stands at $13,124 for an annual family income between $30,001 and $48,000. This amount comes to $12,473 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $10,672. And, for those with a family income of more than $110,000, the amount stands at $10,264. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At MU, an estimated number of 70% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

N/A

Institution Grant Aid

97%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,499

State Grant Aid

N/A

Institution Grant Aid

$10,980

Pell Grant

$4,251

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,521

$30,001 - $48,000

$13,928

$48,001 - $75,000

$13,866

$75,001 - $110,000

$10,909

Over $110,000

$11,713

Student Loans for Multnomah University

Average Loan Amount Average Loan Amount received per year.

$3,728/Year

Students Taking Out Loans

94%

Loan Default Rate

3.7%

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