$5,018

Avg. Federal Grant

$6,099

Avg. Federal Loan

$24,657,327

Total Aid Awarded

Neumann University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$24.657M

Financial Aid Official Website

www.neumann.edu/financialaid/default.asp

Students can avail of scholarships provided by the university, such as Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, and Technology Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at NU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $10,558,934. More information regarding the financial assistance schemes can be accessed on NU’s official financial aid page at http://www.neumann.edu/financialaid/default.asp. The total percentage of candidates applying to Neumann University who receive the Federal Grant is 48%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 48% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,128, while the same comes to $3,671 for State Grant receivers and $17,505 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,284. 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 $23,139 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,476, while those falling in the $48,001-$75,000 income category get $19,279 a year. On the other hand, the average federal aid stands at $17,033 for those with an annual family income between $75,001 and $110,000, and at $13,825 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Neumann University, the percentage of candidates who opt to avail of student loans is around 88%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

37%

Institution Grant Aid

100%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$5,018

State Grant Aid

$3,492

Institution Grant Aid

$15,974

Pell Grant

$4,516

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,252

$30,001 - $48,000

$22,724

$48,001 - $75,000

$19,861

$75,001 - $110,000

$18,165

Over $110,000

$16,014

Student Loans for Neumann University

Average Loan Amount Average Loan Amount received per year.

$9,871/Year

Students Taking Out Loans

87%

Loan Default Rate

9.8%

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