$4,461

Avg. Federal Grant

$5,534

Avg. Federal Loan

$29,127,945

Total Aid Awarded

Shenandoah University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$29.128M

Financial Aid Official Website

www.financial-aid.su.edu/

Among them are scholarship programs such as Academic Scholarships, Conservatory Talent Award, and Presidential Scholarships. Interestingly, almost all of the students at SU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $10,186,355 in a year. One can visit SU's financial aid page at http://www.financial-aid.su.edu/ for more information. At SU, the total percentage of applicants who receive the Federal Grant stands at 28%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 28% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,790, while the same comes to $3,153 for State Grant receivers and $14,211 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,245. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $24,574 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $23,158, while those falling in the $48,001-$75,000 income category get $17,370 a year. On the other hand, the average federal aid stands at $13,451 for those with an annual family income between $75,001 and $110,000, and at $12,795 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. Every year, around 75% of the applicants to Shenandoah University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

24%

State Grant Aid

50%

Institution Grant Aid

100%

Pell Grant

24%

Average Aid Awarded

Federal Grant Aid

$4,461

State Grant Aid

$3,184

Institution Grant Aid

$13,211

Pell Grant

$4,056

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,726

$30,001 - $48,000

$19,364

$48,001 - $75,000

$18,843

$75,001 - $110,000

$16,845

Over $110,000

$13,888

Student Loans for Shenandoah University

Average Loan Amount Average Loan Amount received per year.

$9,095/Year

Students Taking Out Loans

67%

Loan Default Rate

4.1%

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