Soka University Financial Aid and Scholarships
Students Receiving Aid
100%
Total Aid Amount
$14.277M
Financial Aid Official Website
www.soka.edu/admission_aid/Financial_Aid/default.aspx
It is interesting to note that almost every student at SUA receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,018,447. For additional information about financial assistance schemes, one can head over to SUA’s financial aid page at http://www.soka.edu/admission_aid/Financial_Aid/default.aspx. Notably, a total of 27% of the applicants to Soka University of America receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 27% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,473, and the same stands at $7,437 for State Grant awardees and $32,475 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,837. 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 $35,962 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $37,344, while those falling in the $48,001-$75,000 income category get $38,489 a year. Those with an annual income level of $75,001-$110,000 would receive $33,543, while candidates with more than $110,000 of family income receive an average federal aid of $24,306. 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. Candidates are also required to repay these loans within a given period. At Soka University of America, the percentage of candidates who opt to avail of student loans is around 61%.
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