$6,299

Avg. Federal Grant

$6,778

Avg. Federal Loan

$4,559,674

Total Aid Awarded

Salem University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$4.560M

Financial Aid Official Website

www.salemu.edu/financial-aid/

As many as 70% of the students at SU get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,442,630 in a year. Notably, a total of 55% of the applicants to Salem University receive the Federal Grant every year. Meanwhile, 58% of the applicants receive the Student Grant and 35% are awarded the Institution Grant, while 55% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,553, and the same stands at $2,819 for State Grant awardees and $11,963 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,110. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 63% of the applicants to Salem University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

11%

Institution Grant Aid

33%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$6,299

State Grant Aid

$2,407

Institution Grant Aid

$6,387

Pell Grant

$5,748

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,443

$30,001 - $48,000

$7,889

$48,001 - $75,000

$4,847

$75,001 - $110,000

$108

Over $110,000

N/A

Student Loans for Salem University

Average Loan Amount Average Loan Amount received per year.

$7,138/Year

Students Taking Out Loans

76%

Loan Default Rate

17%

Other Colleges In West Virginia

There is a public university in Mount Gay, West Virginia called Southern West Virginia Community and Technical College. At Southern West Virginia Community and Technical College, the total enrolment stands at 1,449. The school has a total of 85 academic staff. These faculty teach different course

Mount Gay, West Virginia 2 years Public

Bethany College, which is located in Bethany, West Virginia is a private, Christian Church (Disciples of Christ) university. Interestingly, Bethany College has an ethnically diverse student population. At BC around 56% are white, 19% are Black or African American, and 11% belong to an unknown rac

Bethany, West Virginia 4 years Private Not-For-Profit

The dedication to the Military community is the core of operations at the college making sure that the students have tools necessary to upskill themselves and get the career of their dreams. After graduation, all students are provided with a comprehensive Post-Graduation Career Services Plan whic

Martinsburg, West Virginia 2 years Private For-Profit

Other Private for-profit Colleges

Ashford University is a private university located in All programs offered completely via Distance education. Around 87% of the students are 25 and over at Ashford University. At AU around 43% are white, 31% are Black or African American, and 16% belong to Hispanic ethnicity. And, when it comes to g

San Diego, California 4 years Private For-Profit

  • The student-faculty ratio of the university is 26:1.

The university offers various facilities and services for the students to succeed and achieve their goals and targets; it caters to the student’s needs by providing servi

Savannah, Georgia 4 years Private Not-For-Profit

Initially, the university was known as ‘Strayer's Business College’, and later changed to ‘Strayer College’. The university got its current name in the year 1998 after it was granted the university status. The is an online accredited university es

Arlington, Virginia 4 years Private For-Profit