$4,958

Avg. Federal Grant

$5,372

Avg. Federal Loan

$16,795,625

Total Aid Awarded

Pennsylvania State University-Penn State Altoona Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$16.796M

Financial Aid Official Website

studentaid.psu.edu/

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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

29%

Institution Grant Aid

49%

Pell Grant

29%

Average Aid Awarded

Federal Grant Aid

$4,958

State Grant Aid

$3,296

Institution Grant Aid

$4,550

Pell Grant

$4,493

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,841

$30,001 - $48,000

$11,176

$48,001 - $75,000

$7,767

$75,001 - $110,000

$2,836

Over $110,000

$1,558

Student Loans for Pennsylvania State University-Penn State Altoona

Average Loan Amount Average Loan Amount received per year.

$9,127/Year

Students Taking Out Loans

65%

Loan Default Rate

N/A

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