$4,721

Avg. Federal Grant

$5,787

Avg. Federal Loan

$20,341,903

Total Aid Awarded

Shippensburg University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$20.342M

Financial Aid Official Website

www.ship.edu/financial_aid/

Students can avail of scholarships provided by the university, such as Joseph P. Gavenonis Scholarship, McKelvey Foundation Bronze Scholarship, Ohio College Opportunity Grant, and Technology Scholarship, if they find educational expenses to be on the higher side. As many as 91% of the students at SUP get some sort of financial aid, and the total amount of assistance/loans provided is more than $24,103,788 in a year. For additional information about financial assistance schemes, one can head over to SUP’s financial aid page at http://www.ship.edu/financial_aid/. The total percentage of candidates applying to Shippensburg University of Pennsylvania who receive the Federal Grant is 38%. Meanwhile, 67% of the applicants receive the Student Grant and 59% are awarded the Institution Grant, while 38% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,764, while the same comes to $3,124 for State Grant receivers and $2,811 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,270. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Shippensburg University of Pennsylvania, the percentage of candidates who opt to avail of student loans is around 78%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

43%

Institution Grant Aid

49%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,721

State Grant Aid

$2,993

Institution Grant Aid

$1,983

Pell Grant

$4,517

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,871

$30,001 - $48,000

$9,130

$48,001 - $75,000

$5,122

$75,001 - $110,000

$1,561

Over $110,000

$602

Student Loans for Shippensburg University

Average Loan Amount Average Loan Amount received per year.

$9,717/Year

Students Taking Out Loans

81%

Loan Default Rate

6.8%

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#N/A

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