Portland State University (PSU) Financial Aid and Scholarships
Students Receiving Aid
49%
Total Aid Amount
$69.685M
Financial Aid Official Website
www.pdx.edu/finaid/
It is interesting to note that, every year, around 82% of students at PSU receive some kind of financial aid, while the total amount of assistance/loans provided is $62,068,412. Notably, a total of 51% of the applicants to Portland State University receive the Federal Grant every year. Meanwhile, 71% of the applicants receive the Student Grant and 53% are awarded the Institution Grant, while 51% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,710, and the same stands at $2,989 for State Grant awardees and $3,478 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,441. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Portland State University, the percentage of candidates who opt to avail of student loans is around 41%.
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