$4,957

Avg. Federal Grant

$6,380

Avg. Federal Loan

$57,173,413

Total Aid Awarded

Niagara University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$57.173M

Financial Aid Official Website

www.niagara.edu/scholarships-financialaid

Students can avail of scholarships provided by the university, such as Achievement Award, Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, and Carnegie Dartlet $10,000 Scholarship, if they find educational expenses to be on the higher side. Notably, 99% of the students at Niagara University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $11,701,399. The total percentage of candidates applying to Niagara University who receive the Federal Grant is 35%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 34% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,234, and the same stands at $3,420 for State Grant awardees and $24,999 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,680. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At NU, an estimated number of 72% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

42%

Institution Grant Aid

99%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$4,957

State Grant Aid

$3,148

Institution Grant Aid

$21,949

Pell Grant

$4,540

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$31,926

$30,001 - $48,000

$29,999

$48,001 - $75,000

$26,334

$75,001 - $110,000

$22,731

Over $110,000

$20,535

Student Loans for Niagara University

Average Loan Amount Average Loan Amount received per year.

$8,455/Year

Students Taking Out Loans

75%

Loan Default Rate

5.2%

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