$5,419

Avg. Federal Grant

$5,638

Avg. Federal Loan

$49,060,834

Total Aid Awarded

Samford University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$49.061M

Financial Aid Official Website

www.samford.edu/departments/financial-services/

It is interesting to note that almost every student at SU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,157,790. For additional information about financial assistance schemes, one can head over to SU’s financial aid page at http://www.samford.edu/departments/financial-services/. At SU, the total percentage of applicants who receive the Federal Grant stands at 12%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 12% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,597, the State Grant receivers and Institution Grant beneficiaries get $1,113 and $16,260, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,737. 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 $22,359 per year. The average aid amount stands at $20,638 for an annual family income between $30,001 and $48,000. This amount comes to $16,969 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $14,861. And, for those with a family income of more than $110,000, the amount stands at $12,953. 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. At SU, an estimated number of 34% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

14%

State Grant Aid

20%

Institution Grant Aid

97%

Pell Grant

14%

Average Aid Awarded

Federal Grant Aid

$5,419

State Grant Aid

$996

Institution Grant Aid

$14,905

Pell Grant

$4,681

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,469

$30,001 - $48,000

$22,482

$48,001 - $75,000

$19,576

$75,001 - $110,000

$15,203

Over $110,000

$14,602

Student Loans for Samford University

Average Loan Amount Average Loan Amount received per year.

$8,448/Year

Students Taking Out Loans

38%

Loan Default Rate

2.9%

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