$5,216

Avg. Federal Grant

$4,870

Avg. Federal Loan

$2,545,405

Total Aid Awarded

Pennsylvania State University-Penn State New Kensington Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$2.545M

Financial Aid Official Website

studentaid.psu.edu/

The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

34%

Institution Grant Aid

75%

Pell Grant

29%

Average Aid Awarded

Federal Grant Aid

$5,216

State Grant Aid

$2,904

Institution Grant Aid

$3,574

Pell Grant

$4,790

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,687

$30,001 - $48,000

$9,939

$48,001 - $75,000

$5,867

$75,001 - $110,000

$2,633

Over $110,000

$1,943

Student Loans for Pennsylvania State University-Penn State New Kensington

Average Loan Amount Average Loan Amount received per year.

$6,935/Year

Students Taking Out Loans

69%

Loan Default Rate

N/A

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