St Thomas University (STU) Financial Aid and Scholarships
Students Receiving Aid
30%
Total Aid Amount
$17.218M
Financial Aid Official Website
www.stu.edu/Admissions/Financial-Aid
As many as 97% of the students at STU get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,273,602 in a year. For additional information about financial assistance schemes, one can head over to STU’s financial aid page at http://www.stu.edu/Admissions/Financial-Aid. At STU, the total percentage of applicants who receive the Federal Grant stands at 55%. In comparison, 97% of the students are awarded the Student Grant, 95% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,570, while the same comes to $4,550 for State Grant receivers and $17,878 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,690. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $20,442 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $16,871, while those falling in the $48,001-$75,000 income category get $20,199 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $17,339. And, for those with a family income of more than $110,000, the amount stands at $13,757. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At St. Thomas University, the percentage of candidates who opt to avail of student loans is around 47%.
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