$4,965

Avg. Federal Grant

$5,373

Avg. Federal Loan

$24,692,704

Total Aid Awarded

Salem State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$24.693M

Financial Aid Official Website

www.salemstate.edu/finaid

Students can avail of scholarships provided by the university, such as Heriberto Flores Scholarship, MASSGrant Program, NEEBC Scholarship Award, and New England Regional Student Program, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 92% of students at SSU receive some kind of financial aid, while the total amount of assistance/loans provided is $30,225,034. More information regarding the financial assistance schemes can be accessed on SSU’s official financial aid page at http://www.salemstate.edu/finaid. Notably, a total of 51% of the applicants to Salem State University receive the Federal Grant every year. Meanwhile, 82% of the applicants receive the Student Grant and 70% are awarded the Institution Grant, while 51% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,960, while the same comes to $3,009 for State Grant receivers and $3,025 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,606. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Salem State University, the percentage of candidates who opt to avail of student loans is around 80%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

51%

Institution Grant Aid

58%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,965

State Grant Aid

$2,587

Institution Grant Aid

$2,466

Pell Grant

$4,743

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,098

$30,001 - $48,000

$8,137

$48,001 - $75,000

$5,360

$75,001 - $110,000

$3,367

Over $110,000

$1,349

Student Loans for Salem State University

Average Loan Amount Average Loan Amount received per year.

$8,356/Year

Students Taking Out Loans

77%

Loan Default Rate

7.4%

Other Colleges In Massachusetts

A private university by the name of Amherst College is located in Amherst, Massachusetts. Taking into account all the courses offered at Amherst College, the total enrolment stands at 1,839. To teach various courses to the students, the school has employed a total of 262 faculty. At Amherst Colle

Amherst, Massachusetts 4 years Private Not-For-Profit

Gordon College is a private, Interdenominational university located in Wenham, Massachusetts. Gordon College is home to an ethnically diverse student body. At GC around 68% are white, 10% belong to Hispanic ethnicity, and 10% are Non-resident alien. Further, around 98% of the students are 24 and

Wenham, Massachusetts 4 years Private Not-For-Profit

Cambridge, Massachusetts 4 years Private Not-For-Profit

Other Public Colleges

#N/A

College Park, Maryland 4 years Public

A public university by the name of University of Nebraska at Omaha is located in Omaha, Nebraska. University of Nebraska at Omaha occupies a total area of about 534 acres. University of Nebraska system is the parent institution of the University of Nebraska at Omaha. In 1908, University of Nebraska

Omaha, Nebraska 4 years Public

Online Education at MCC

Most of the students at the college opt for online courses as these courses have the flexibility to provide a learning enviro

Kansas City, Missouri 2 years Public