$5,305

Avg. Federal Grant

$6,066

Avg. Federal Loan

$30,021,415

Total Aid Awarded

Southern University and A&M College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$30.021M

Financial Aid Official Website

N/A

Students can avail of scholarships provided by the university, such as Anthony Gobar Juvenile Justice Scholarship Fund, Rockefeller State Wildlife Scholarship, TOPS - Honors Award, and TOPS - Opportunity Award, if they find educational expenses to be on the higher side. Notably, 98% of the students at Southern University and A & M College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $32,127,977. The total percentage of candidates applying to Southern University and A & M College who receive the Federal Grant is 80%. In comparison, 90% of the students are awarded the Student Grant, 63% get the Institution Grant, and 80% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,493, while the same comes to $4,122 for State Grant receivers and $4,124 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,186. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 88% of the applicants to Southern University and A & M College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

35%

Institution Grant Aid

27%

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$5,305

State Grant Aid

$3,195

Institution Grant Aid

$5,237

Pell Grant

$5,152

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,775

$30,001 - $48,000

$6,831

$48,001 - $75,000

$4,794

$75,001 - $110,000

$3,640

Over $110,000

$2,727

Student Loans for Southern University and A&M College

Average Loan Amount Average Loan Amount received per year.

$6,273/Year

Students Taking Out Loans

85%

Loan Default Rate

14.9%

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