$4,551

Avg. Federal Grant

$5,341

Avg. Federal Loan

$15,863,362

Total Aid Awarded

Shorter University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$15.863M

Financial Aid Official Website

www.shorter.edu/financial-aid/

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,177,971. One can visit SU's financial aid page at http://www.shorter.edu/financial-aid/ for more information. The total percentage of candidates applying to Shorter University who receive the Federal Grant is 49%. Meanwhile, 100% of the applicants receive the Student Grant and 96% are awarded the Institution Grant, while 49% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,735, the State Grant receivers and Institution Grant beneficiaries get $3,251 and $10,552, respectively. And, for the Pell Grant awardees, the average aid amount is $4,912. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $15,431 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $15,188, while those falling in the $48,001-$75,000 income category get $13,188 a year. Those with an annual income level of $75,001-$110,000 would receive $13,962, while candidates with more than $110,000 of family income receive an average federal aid of $12,466. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SU, an estimated number of 77% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

77%

Institution Grant Aid

92%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,551

State Grant Aid

$3,135

Institution Grant Aid

$10,084

Pell Grant

$4,442

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$16,032

$30,001 - $48,000

$13,508

$48,001 - $75,000

$14,117

$75,001 - $110,000

$12,562

Over $110,000

$10,876

Student Loans for Shorter University

Average Loan Amount Average Loan Amount received per year.

$6,760/Year

Students Taking Out Loans

72%

Loan Default Rate

11.5%

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