$5,279

Avg. Federal Grant

$4,320

Avg. Federal Loan

$20,905,960

Total Aid Awarded

Quincy University (QU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$20.906M

Financial Aid Official Website

www.quincy.edu/admissions/financial-aid-and-tuition/

Interestingly, almost all of the students at QU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,955,780 in a year. More information regarding the financial assistance schemes can be accessed on QU’s official financial aid page at http://www.quincy.edu/admissions/financial-aid-and-tuition/. Notably, a total of 52% of the applicants to Quincy University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 43% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,013, while the same comes to $4,607 for State Grant receivers and $19,624 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,423. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $23,700 on average in a year. The average aid amount stands at $23,864 for an annual family income between $30,001 and $48,000. This amount comes to $24,019 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $20,806, while candidates with more than $110,000 of family income receive an average federal aid of $18,578. 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. At Quincy University, the percentage of candidates who opt to avail of student loans is around 74%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

26%

Institution Grant Aid

100%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$5,279

State Grant Aid

$4,617

Institution Grant Aid

$18,362

Pell Grant

$4,636

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,979

$30,001 - $48,000

$28,793

$48,001 - $75,000

$26,482

$75,001 - $110,000

$23,113

Over $110,000

$23,311

Student Loans for Quincy University (QU)

Average Loan Amount Average Loan Amount received per year.

$5,387/Year

Students Taking Out Loans

90%

Loan Default Rate

8.7%

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