Schreiner University Financial Aid and Scholarships
Students Receiving Aid
94%
Total Aid Amount
$18.050M
Financial Aid Official Website
www.schreiner.edu/admission/cost-and-affordability.aspx
It is interesting to note that, every year, around 97% of students at SU receive some kind of financial aid, while the total amount of assistance/loans provided is $6,379,891. More information regarding the financial assistance schemes can be accessed on SU’s official financial aid page at http://www.schreiner.edu/admission/cost-and-affordability.aspx. Notably, a total of 44% of the applicants to Schreiner University receive the Federal Grant every year. In comparison, 96% of the students are awarded the Student Grant, 89% get the Institution Grant, and 44% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,253, while the same comes to $3,991 for State Grant receivers and $12,881 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,739. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $22,778 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $21,760, while those falling in the $48,001-$75,000 income category get $17,752 a year. On the other hand, the average federal aid stands at $15,921 for those with an annual family income between $75,001 and $110,000, and at $14,145 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 72% of the applicants to Schreiner University opt for student loans.
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