$5,198

Avg. Federal Grant

$6,755

Avg. Federal Loan

$20,401,823

Total Aid Awarded

The Pennsylvania State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$20.402M

Financial Aid Official Website

studentaid.psu.edu/

Among them are scholarship programs such as Chick Evans Caddie Scholarship, College Assistance Migrant Program (CAMP), Darrell L. and Norma R. Uphold Family Scholarship, and Joseph P. Gavenonis Scholarship. For additional information about financial assistance schemes, one can head over to PSUWC’s financial aid page at http://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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

16%

Institution Grant Aid

19%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$5,198

State Grant Aid

$2,210

Institution Grant Aid

$4,206

Pell Grant

$4,725

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants , with institutional grants having the highest percentage contribution of 30% with an average aid amount being $7838.Pell grants have a percentage of 13% with an average aid amount of $4566 which is higher than the State grant aid average of $3451.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,904

$30,001 - $48,000

$5,545

$48,001 - $75,000

$4,552

$75,001 - $110,000

$4,408

Over $110,000

$554

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $14612 while those with family income over $110,000 can expect to receive an aid amount of $1158. This helps students who are coming from low income homes to pay for their degree.

Student Loans for The Pennsylvania State University

Average Loan Amount Average Loan Amount received per year.

$8,197/Year

Students Taking Out Loans

59%

Loan Default Rate

N/A

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