$4,509

Avg. Federal Grant

$5,717

Avg. Federal Loan

$33,740,417

Total Aid Awarded

Saint Francis University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$33.740M

Financial Aid Official Website

www.francis.edu/financial-aid/

Students can avail of scholarships provided by the university, such as Assisi Award, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and Founders Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 99% of students at SFU receive some kind of financial aid, while the total amount of assistance/loans provided is $8,999,162. For additional information about financial assistance schemes, one can head over to SFU’s financial aid page at http://www.francis.edu/financial-aid/. The total percentage of candidates applying to Saint Francis University who receive the Federal Grant is 24%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 24% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,178, the State Grant receivers and Institution Grant beneficiaries get $3,243 and $21,307, respectively. And, for the Pell Grant awardees, the average aid amount is $4,365. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $27,343 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,121, while those falling in the $48,001-$75,000 income category get $23,911 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $19,884. And, for those with a family income of more than $110,000, the amount stands at $18,264. 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. Candidates are also required to repay these loans within a given period. Every year, around 70% of the applicants to Saint Francis University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

29%

State Grant Aid

33%

Institution Grant Aid

100%

Pell Grant

29%

Average Aid Awarded

Federal Grant Aid

$4,509

State Grant Aid

$3,403

Institution Grant Aid

$20,075

Pell Grant

$4,054

The Financial Aid Breakdown includes several types of financial aids such as Institutional grant, PELL grant, state grant, and federal grant. Institutional grant aid percentage is 100%. Meanwhile, percentages of PELL Grant and Federal Grant offered are both 29%. The percentage of state grant aid offered is 33%. 

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$27,358

$30,001 - $48,000

$26,559

$48,001 - $75,000

$24,952

$75,001 - $110,000

$20,029

Over $110,000

$19,247

The average federal aid varies on the basis of family income. For instance, the average federal aid for a family income below $30K is $27358. The average federal aid decreases with an increase in the family income. For instance, the average federal aid for an income over $110K is $19247. 

Student Loans for Saint Francis University

Average Loan Amount Average Loan Amount received per year.

$12,786/Year

Students Taking Out Loans

78%

Loan Default Rate

4.2%

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