$5,288

Avg. Federal Grant

$5,776

Avg. Federal Loan

$6,176,910

Total Aid Awarded

Naropa University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$6.177M

Financial Aid Official Website

www.naropa.edu/admissions/affording/index.php

As many as 90% of the students at NU get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,180,300 in a year. One can visit NU's financial aid page at http://www.naropa.edu/admissions/affording/index.php for more information. At NU, the total percentage of applicants who receive the Federal Grant stands at 53%. On the other hand, 90% of the candidates get the Student Grant, 90% receive the Institution Grant, and 50% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,011, and the same stands at $3,750 for State Grant awardees and $18,573 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,825. 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 $26,160 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 $23,894 and $24,165, respectively. On the other hand, the average federal aid stands at $13,250 for those with an annual family income between $75,001 and $110,000, and at $6,000 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. 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. Every year, around 53% of the applicants to Naropa University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

8%

Institution Grant Aid

78%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$5,288

State Grant Aid

$4,500

Institution Grant Aid

$20,908

Pell Grant

$5,131

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$27,232

$30,001 - $48,000

N/A

$48,001 - $75,000

$7,250

$75,001 - $110,000

N/A

Over $110,000

$10,000

Student Loans for Naropa University

Average Loan Amount Average Loan Amount received per year.

$5,776/Year

Students Taking Out Loans

51%

Loan Default Rate

3.9%

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