$5,528

Avg. Federal Grant

$5,134

Avg. Federal Loan

$161,521,390

Total Aid Awarded

Purdue University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$161.521M

Financial Aid Official Website

www.purdue.edu/dfa/

Students can avail of scholarships provided by the university, such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 65% of students at PUMC receive some kind of financial aid, while the total amount of assistance/loans provided is $55,763,466. More information regarding the financial assistance schemes can be accessed on PUMC’s official financial aid page at http://www.purdue.edu/dfa/. The total percentage of candidates applying to Purdue University-Main Campus who receive the Federal Grant is 16%. In comparison, 44% of the students are awarded the Student Grant, 43% get the Institution Grant, and 16% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,862, the State Grant receivers and Institution Grant beneficiaries get $6,923 and $6,773, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,612. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Purdue University-Main Campus, the percentage of candidates who opt to avail of student loans is around 34%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

18%

State Grant Aid

15%

Institution Grant Aid

48%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$5,528

State Grant Aid

$7,272

Institution Grant Aid

$6,761

Pell Grant

$4,503

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,575

$30,001 - $48,000

$17,507

$48,001 - $75,000

$14,010

$75,001 - $110,000

$6,418

Over $110,000

$1,884

The financial aid offered to the students at Purdue University based on family income is given as:

  • Students whose family income is less than $30,000 receive financial aid of $17,575.

  • Students whose family income lies between $30,001 to $48,000 receive financial aid of $17,507.

  • Students whose family income lies between $48,001 to $75,000 receive financial aid of $14,010.

  • Students whose family income lies between $75,001 to $110,000 receive financial aid of $6,418.

  • Students whose family income is more than $110,000 receive financial aid of $1,884.

Student Loans for Purdue University

Average Loan Amount Average Loan Amount received per year.

$7,894/Year

Students Taking Out Loans

34%

Loan Default Rate

2.3%

As from the tuition fees, it is evident that Purdue University is a very expensive university so a lot of students depend on student loans for the same. From the recent data, it is known that about 34% of the students opt for student loans during the tenure of their course. The average student loan amount at Purdue University is about $7,894.

After graduation, almost every student gets placed in some firms so as a result the Loan default rate is also very low at Purdue University and is about 2.3%.

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