$5,635

Avg. Federal Grant

$5,670

Avg. Federal Loan

$17,218,316

Total Aid Awarded

St Thomas University (STU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

30%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

69%

Institution Grant Aid

94%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$5,635

State Grant Aid

$4,226

Institution Grant Aid

$16,944

Pell Grant

$5,146

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with institutional grants having the highest percentage contribution of 94% with an average aid amount being $16,944.

  • Almost 55% of the students receive Pell Grants which add up to a normal of around $5,146.

  • Roughly 55% of the students are eligible for Federal awards at a normal of around $5,635.

  • 69% of the students get state awards which add up to a normal of around $4,226.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,504

$30,001 - $48,000

$23,929

$48,001 - $75,000

$25,082

$75,001 - $110,000

$22,852

Over $110,000

$22,918

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $25,504 whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $23,929

The student who has a family income ranging from $48,001 to $75,000 the average federal aid provided is $25,082 whereas the student having an annual income ranging from $75,001 to $110,000 the average federal provided is around $22,852. And the student has an annual income range greater than $110,000, the average federal aid provided is $22,918. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for St Thomas University (STU)

Average Loan Amount Average Loan Amount received per year.

$5,670/Year

Students Taking Out Loans

59%

Loan Default Rate

4.9%

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