$4,820

Avg. Federal Grant

$3,660

Avg. Federal Loan

$14,676,781

Total Aid Awarded

Pfeiffer University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$14.677M

Financial Aid Official Website

www.pfeiffer.edu/admissions/financial-aid

Among them are scholarship programs such as Community College Transfer Scholarship, Freshmen Academic Scholarships, North Carolina Student Incentive Grant, and Transfer Academic Scholarships. Notably, 99% of the students at Pfeiffer University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,447,060. More information regarding the financial assistance schemes can be accessed on PU’s official financial aid page at http://www.pfeiffer.edu/admissions/financial-aid. The total percentage of candidates applying to Pfeiffer University who receive the Federal Grant is 57%. Meanwhile, 99% of the applicants receive the Student Grant and 87% are awarded the Institution Grant, while 57% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,192, and the same stands at $5,344 for State Grant awardees and $16,349 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,586. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $22,769 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $21,757, while those falling in the $48,001-$75,000 income category get $11,636 a year. On the other hand, the average federal aid stands at $14,670 for those with an annual family income between $75,001 and $110,000, and at $13,993 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 75% of the applicants to Pfeiffer University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

59%

Institution Grant Aid

94%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,820

State Grant Aid

$4,910

Institution Grant Aid

$16,969

Pell Grant

$4,576

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,176

$30,001 - $48,000

$18,973

$48,001 - $75,000

$16,434

$75,001 - $110,000

$15,965

Over $110,000

$15,959

Student Loans for Pfeiffer University

Average Loan Amount Average Loan Amount received per year.

$4,930/Year

Students Taking Out Loans

91%

Loan Default Rate

6.2%

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