$5,923

Avg. Federal Grant

$6,553

Avg. Federal Loan

$16,341,151

Total Aid Awarded

Shaw University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$16.341M

Financial Aid Official Website

www.shawu.edu/Admissions/Financial_Aid.aspx

Among them are scholarship programs such as North Carolina Student Incentive Grant and Triangle Scholarship Program. Notably, 99% of the students at Shaw University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,488,190. At SU, the total percentage of applicants who receive the Federal Grant stands at 83%. In comparison, 96% of the students are awarded the Student Grant, 58% get the Institution Grant, and 83% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,242, and the same stands at $4,578 for State Grant awardees and $4,999 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,047. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At SU, an estimated number of 91% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

84%

State Grant Aid

43%

Institution Grant Aid

94%

Pell Grant

84%

Average Aid Awarded

Federal Grant Aid

$5,923

State Grant Aid

$4,341

Institution Grant Aid

$3,869

Pell Grant

$4,930

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,862

$30,001 - $48,000

$10,892

$48,001 - $75,000

$9,869

$75,001 - $110,000

$5,499

Over $110,000

$5,382

Student Loans for Shaw University

Average Loan Amount Average Loan Amount received per year.

$6,633/Year

Students Taking Out Loans

88%

Loan Default Rate

21.3%

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