$4,957

Avg. Federal Grant

$5,685

Avg. Federal Loan

$45,966,001

Total Aid Awarded

St. Catherine University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$45.966M

Financial Aid Official Website

https://www.stkate.edu/admissions/financial-aid-and-tuition/

Interestingly, almost all of the students at SCU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $17,062,686 in a year. Notably, a total of 48% of the applicants to St Catherine University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,176, while the same comes to $5,517 for State Grant receivers and $24,068 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,414. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SCU, an estimated number of 69% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

57%

Institution Grant Aid

100%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$4,957

State Grant Aid

$5,278

Institution Grant Aid

$22,790

Pell Grant

$4,495

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$31,094

$30,001 - $48,000

$30,212

$48,001 - $75,000

$31,406

$75,001 - $110,000

$25,344

Over $110,000

$24,990

Student Loans for St. Catherine University

Average Loan Amount Average Loan Amount received per year.

$7,413/Year

Students Taking Out Loans

72%

Loan Default Rate

3.4%

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