$5,276

Avg. Federal Grant

$6,573

Avg. Federal Loan

$18,660,782

Total Aid Awarded

South Carolina State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$18.661M

Financial Aid Official Website

www.scsu.edu/admissions/financialaid.aspx

It is interesting to note that, every year, around 97% of students at SCSU receive some kind of financial aid, while the total amount of assistance/loans provided is $13,980,012. Notably, a total of 77% of the applicants to South Carolina State University receive the Federal Grant every year. Meanwhile, 92% of the applicants receive the Student Grant and 28% are awarded the Institution Grant, while 77% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,601, while the same comes to $3,861 for State Grant receivers and $10,620 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,017. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At South Carolina State University, the percentage of candidates who opt to avail of student loans is around 79%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

80%

State Grant Aid

59%

Institution Grant Aid

19%

Pell Grant

80%

Average Aid Awarded

Federal Grant Aid

$5,276

State Grant Aid

$3,338

Institution Grant Aid

$10,341

Pell Grant

$4,884

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,207

$30,001 - $48,000

$7,776

$48,001 - $75,000

$5,650

$75,001 - $110,000

$2,789

Over $110,000

$4,435

Student Loans for South Carolina State University

Average Loan Amount Average Loan Amount received per year.

$6,948/Year

Students Taking Out Loans

81%

Loan Default Rate

20%

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