$4,972

Avg. Federal Grant

$5,368

Avg. Federal Loan

$180,255,007

Total Aid Awarded

Pennsylvania State University-Main Campus Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

13%

State Grant Aid

12%

Institution Grant Aid

30%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$4,972

State Grant Aid

$3,451

Institution Grant Aid

$7,838

Pell Grant

$4,566

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,612

$30,001 - $48,000

$13,561

$48,001 - $75,000

$8,951

$75,001 - $110,000

$3,459

Over $110,000

$1,158

Student Loans for Pennsylvania State University-Main Campus

Average Loan Amount Average Loan Amount received per year.

$10,942/Year

Students Taking Out Loans

48%

Loan Default Rate

N/A

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