$4,946

Avg. Federal Grant

$5,613

Avg. Federal Loan

$38,543,725

Total Aid Awarded

Radford University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$38.544M

Financial Aid Official Website

https://www.radford.edu/content/financial-aid/home.html

Among them are scholarship programs such as Virginia Military Survivors and Dependents Education Program. It is interesting to note that, every year, around 88% of students at RU receive some kind of financial aid, while the total amount of assistance/loans provided is $33,820,556. For additional information about financial assistance schemes, one can head over to RU’s financial aid page at https://www.radford.edu/content/financial-aid/home.html. At RU, the total percentage of applicants who receive the Federal Grant stands at 44%. Meanwhile, 70% of the applicants receive the Student Grant and 42% are awarded the Institution Grant, while 42% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,380, while the same comes to $6,228 for State Grant receivers and $5,300 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,768. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At RU, an estimated number of 73% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

25%

Institution Grant Aid

29%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$4,946

State Grant Aid

$4,790

Institution Grant Aid

$5,336

Pell Grant

$4,476

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,816

$30,001 - $48,000

$8,141

$48,001 - $75,000

$5,502

$75,001 - $110,000

$2,453

Over $110,000

$774

Student Loans for Radford University

Average Loan Amount Average Loan Amount received per year.

$7,827/Year

Students Taking Out Loans

72%

Loan Default Rate

5.6%

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