Avg. Federal Grant
Avg. Federal Loan
Total Aid Awarded
Financial Aid Breakdown
Federal Aid based on Family Income
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
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%.