$4,804

Avg. Federal Grant

$5,664

Avg. Federal Loan

$33,290,921

Total Aid Awarded

Robert Morris University Illinois Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$33.291M

Financial Aid Official Website

https://robertmorris.edu/admissions/financialaid/

It is interesting to note that, every year, around 98% of students at RMUI receive some kind of financial aid, while the total amount of assistance/loans provided is $10,211,116. At RMUI, the total percentage of applicants who receive the Federal Grant stands at 72%. On the other hand, 97% of the candidates get the Student Grant, 88% receive the Institution Grant, and 72% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,445, while the same comes to $4,127 for State Grant receivers and $12,130 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,164. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 81% of the applicants to Robert Morris University Illinois opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

48%

Institution Grant Aid

87%

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$4,804

State Grant Aid

$4,085

Institution Grant Aid

$10,635

Pell Grant

$4,541

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,029

$30,001 - $48,000

$17,158

$48,001 - $75,000

$13,246

$75,001 - $110,000

$13,135

Over $110,000

$13,819

Student Loans for Robert Morris University Illinois

Average Loan Amount Average Loan Amount received per year.

$6,357/Year

Students Taking Out Loans

80%

Loan Default Rate

8.9%

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