$5,169

Avg. Federal Grant

$7,315

Avg. Federal Loan

$41,111,189

Total Aid Awarded

New Jersey City University (NJCU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$41.111M

Financial Aid Official Website

www.njcu.edu/financialaid

As many as 94% of the students at NJCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $21,947,669 in a year. One can visit NJCU's financial aid page at http://www.njcu.edu/financialaid for more information. Notably, a total of 75% of the applicants to New Jersey City University receive the Federal Grant every year. Meanwhile, 90% of the applicants receive the Student Grant and 58% are awarded the Institution Grant, while 75% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,207, and the same stands at $5,877 for State Grant awardees and $3,578 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,825. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 38% of the applicants to New Jersey City University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

74%

State Grant Aid

68%

Institution Grant Aid

33%

Pell Grant

74%

Average Aid Awarded

Federal Grant Aid

$5,169

State Grant Aid

$5,945

Institution Grant Aid

$5,193

Pell Grant

$5,072

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,836

$30,001 - $48,000

$11,020

$48,001 - $75,000

$8,118

$75,001 - $110,000

$2,854

Over $110,000

$2,525

Student Loans for New Jersey City University (NJCU)

Average Loan Amount Average Loan Amount received per year.

$7,814/Year

Students Taking Out Loans

40%

Loan Default Rate

10.1%

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