$4,958

Avg. Federal Grant

$5,405

Avg. Federal Loan

$131,205,536

Total Aid Awarded

North Carolina State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

54%

Total Aid Amount Average Total Aid Awarded per year.

$131.206M

Financial Aid Official Website

financialaid.ncsu.edu

Students can avail of scholarships provided by the university, such as Aubrey Lee Brooks Scholarship, General Henry Hugh Shelton National Student Leadership Scholarship, Jagannathan Scholarship, and James J. Burns and C.A. Haynes Textile Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 68% of students at NCSUR receive some kind of financial aid, while the total amount of assistance/loans provided is $58,415,791. The total percentage of candidates applying to North Carolina State University at Raleigh who receive the Federal Grant is 18%. On the other hand, 51% of the candidates get the Student Grant, 48% receive the Institution Grant, and 18% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,110, while the same comes to $4,505 for State Grant receivers and $7,365 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,619. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 NCSUR, an estimated number of 43% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

19%

State Grant Aid

20%

Institution Grant Aid

49%

Pell Grant

19%

Average Aid Awarded

Federal Grant Aid

$4,958

State Grant Aid

$4,043

Institution Grant Aid

$7,735

Pell Grant

$4,684

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with institutional grants having the highest percentage contribution of 49% with an average aid amount being $7,735.

Pell grants have a percentage of 19% with an average aid amount of $4,684 which is higher than the State grant aid average of $4,043.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,856

$30,001 - $48,000

$13,488

$48,001 - $75,000

$8,933

$75,001 - $110,000

$4,236

Over $110,000

$1,356

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $14,856 while those with family income over $110,000 can expect to receive an aid amount of $1,356. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for North Carolina State University

Average Loan Amount Average Loan Amount received per year.

$6,809/Year

Students Taking Out Loans

47%

Loan Default Rate

2.8%

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