$3,319

Avg. Federal Grant

$2,424

Avg. Federal Loan

$9,355,764

Total Aid Awarded

Simpson University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$9.356M

Financial Aid Official Website

www.simpsonu.edu/sfs

Among them are scholarship programs such as ASTA Northern California Chapter - Richard Epping Scholarship, AWA Scholarship Awards, CCNMA Scholarship, and Cal Grant 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 $3,494,721. One can visit SU's financial aid page at http://www.simpsonu.edu/sfs for more information. The total percentage of candidates applying to Simpson University who receive the Federal Grant is 38%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 38% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,902, the State Grant receivers and Institution Grant beneficiaries get $7,466 and $17,641, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,669. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $13,802 in a year. The average aid amount stands at $18,809 for an annual family income between $30,001 and $48,000. This amount comes to $12,205 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $11,058 for those with an annual family income between $75,001 and $110,000, and at $5,961 for an income more than $110,000. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 65% of the applicants to Simpson University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

31%

Institution Grant Aid

99%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$3,319

State Grant Aid

$8,606

Institution Grant Aid

$7,186

Pell Grant

$3,319

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants, with institutional grants having the highest contribution of 99% with an average aid amount being $7186.

 The state grant aid average amount is $8606 and is the highest as compared to the other grants. Pell grants have a percentage of 39% with an average aid amount of $3319.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,782

$30,001 - $48,000

$17,609

$48,001 - $75,000

$13,776

$75,001 - $110,000

$18,250

Over $110,000

$6,086

For those students who have a family income under $30,000 can expect to receive a federal aid amount of $17,782 while those with family income over $110,000 can expect to receive an aid amount of $6,086. The average federal aid for the students with family income betweek $75k and $110k is the highest amounts to $18,250.

Student Loans for Simpson University

Average Loan Amount Average Loan Amount received per year.

$2,798/Year

Students Taking Out Loans

62%

Loan Default Rate

3.3%

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