$4,971

Avg. Federal Grant

$5,860

Avg. Federal Loan

$43,750,998

Total Aid Awarded

Pacific University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$43.751M

Financial Aid Official Website

https://www.pacificu.edu/financial-aid-scholarships

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,964,270. More information regarding the financial assistance schemes can be accessed on PU’s official financial aid page at https://www.pacificu.edu/financial-aid-scholarships. Notably, a total of 31% of the applicants to Pacific University receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 30% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,183, while the same comes to $3,282 for State Grant receivers and $28,121 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,666. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $33,652 in a year. The average aid amount stands at $32,862 for an annual family income between $30,001 and $48,000. This amount comes to $28,135 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $25,715, while candidates with more than $110,000 of family income receive an average federal aid of $20,815. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 95% of the applicants to Pacific University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

28%

State Grant Aid

10%

Institution Grant Aid

94%

Pell Grant

28%

Average Aid Awarded

Federal Grant Aid

$4,971

State Grant Aid

$2,172

Institution Grant Aid

$25,762

Pell Grant

$4,481

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$34,425

$30,001 - $48,000

$34,293

$48,001 - $75,000

$30,563

$75,001 - $110,000

$24,878

Over $110,000

$21,417

Student Loans for Pacific University

Average Loan Amount Average Loan Amount received per year.

$7,513/Year

Students Taking Out Loans

95%

Loan Default Rate

2.2%

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#N/A

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