$5,282

Avg. Federal Grant

$5,152

Avg. Federal Loan

$129,974,859

Total Aid Awarded

San Diego State University (SDSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$129.975M

Financial Aid Official Website

go.sdsu.edu/student_affairs/financialaid/Default.aspx

Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. Notably, 60% of the students at San Diego State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $52,979,133. At SDSU, the total percentage of applicants who receive the Federal Grant stands at 25%. Meanwhile, 47% of the applicants receive the Student Grant and 20% are awarded the Institution Grant, while 25% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,381, the State Grant receivers and Institution Grant beneficiaries get $2,901 and $7,345, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,889. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SDSU, an estimated number of 30% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

24%

State Grant Aid

40%

Institution Grant Aid

20%

Pell Grant

24%

Average Aid Awarded

Federal Grant Aid

$5,282

State Grant Aid

$2,790

Institution Grant Aid

$6,677

Pell Grant

$4,967

 

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants, with federal grants having the percentage contribution of 24% with an average aid amount being $5,282.

Pell grants have a percentage of 24% with an average aid amount of $4,967  than the State grant aid average of $2,790.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,534

$30,001 - $48,000

$12,107

$48,001 - $75,000

$7,655

$75,001 - $110,000

$3,934

Over $110,000

$846

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $13,534 while those with family income over $110,000 can expect to receive an aid amount of $846. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for San Diego State University (SDSU)

Average Loan Amount Average Loan Amount received per year.

$6,527/Year

Students Taking Out Loans

31%

Loan Default Rate

2.9%

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