Pennsylvania State University-Main Campus Financial Aid and Scholarships
Students Receiving Aid
64%
Total Aid Amount
$180.255M
Financial Aid Official Website
studentaid.psu.edu/
It is interesting to note that, every year, around 73% of students at PSUMC receive some kind of financial aid, while the total amount of assistance/loans provided is $245,678,897. Notably, a total of 23% of the applicants to Pennsylvania State University-Main Campus receive the Federal Grant every year. On the other hand, 50% of the candidates get the Student Grant, 43% receive the Institution Grant, and 22% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,062, while the same comes to $3,343 for State Grant receivers and $5,855 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,440. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 52% of the applicants to Pennsylvania State University-Main Campus opt for student loans.
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