$2,367

Avg. Federal Grant

$1,709

Avg. Federal Loan

$1,213,217

Total Aid Awarded

Selma University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$1.213M

Financial Aid Official Website

N/A

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 $2,042,500. At SU, the total percentage of applicants who receive the Federal Grant stands at 100%. Meanwhile, 100% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 100% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $6,095. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $2,785 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $3,981, while those falling in the $48,001-$75,000 income category get $4,800 a year. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At SU, an estimated number of 100% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

86%

State Grant Aid

N/A

Institution Grant Aid

86%

Pell Grant

86%

Average Aid Awarded

Federal Grant Aid

$2,367

State Grant Aid

N/A

Institution Grant Aid

$419

Pell Grant

$2,367

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,785

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Selma University

Average Loan Amount Average Loan Amount received per year.

$1,849/Year

Students Taking Out Loans

86%

Loan Default Rate

34.2%

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