$5,530

Avg. Federal Grant

$5,856

Avg. Federal Loan

$90,580,549

Total Aid Awarded

Southern Illinois University Carbondale (SIUC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$90.581M

Financial Aid Official Website

fao.siu.edu/

As many as 95% of the students at SIUC get some sort of financial aid, and the total amount of assistance/loans provided is more than $35,498,621 in a year. One can visit SIUC's financial aid page at http://fao.siu.edu/ for more information. Notably, a total of 42% of the applicants to Southern Illinois University-Carbondale receive the Federal Grant every year. Meanwhile, 90% of the applicants receive the Student Grant and 83% are awarded the Institution Grant, while 41% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,423, the State Grant receivers and Institution Grant beneficiaries get $5,306 and $8,285, respectively. And, for the Pell Grant awardees, the average aid amount is $4,685. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 58% of the applicants to Southern Illinois University-Carbondale opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

43%

Institution Grant Aid

78%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$5,530

State Grant Aid

$5,085

Institution Grant Aid

$7,070

Pell Grant

$4,886

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,144

$30,001 - $48,000

$14,214

$48,001 - $75,000

$12,299

$75,001 - $110,000

$7,856

Over $110,000

$4,627

Student Loans for Southern Illinois University Carbondale (SIUC)

Average Loan Amount Average Loan Amount received per year.

$7,166/Year

Students Taking Out Loans

66%

Loan Default Rate

11.2%

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