$5,227

Avg. Federal Grant

$5,989

Avg. Federal Loan

$84,664,019

Total Aid Awarded

Suffolk University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$84.664M

Financial Aid Official Website

www.suffolk.edu/admission/18667.php

Among them are scholarship programs such as Alumni Discount, Black Studies Scholarship, Dean's Scholarship, and Family Discount. Notably, 95% of the students at Suffolk University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $18,372,957. For additional information about financial assistance schemes, one can head over to SU’s financial aid page at http://www.suffolk.edu/admission/18667.php. At SU, the total percentage of applicants who receive the Federal Grant stands at 29%. Meanwhile, 95% of the applicants receive the Student Grant and 94% are awarded the Institution Grant, while 29% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,792, and the same stands at $2,433 for State Grant awardees and $20,112 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,899. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $25,442 in a year. The average aid amount stands at $24,660 for an annual family income between $30,001 and $48,000. This amount comes to $23,058 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $19,645. And, for those with a family income of more than $110,000, the amount stands at $16,299. 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. Candidates are also required to repay these loans within a given period. Every year, around 64% of the applicants to Suffolk University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

22%

Institution Grant Aid

97%

Pell Grant

30%

Average Aid Awarded

Federal Grant Aid

$5,227

State Grant Aid

$2,116

Institution Grant Aid

$17,626

Pell Grant

$4,928

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,966

$30,001 - $48,000

$25,711

$48,001 - $75,000

$23,190

$75,001 - $110,000

$20,439

Over $110,000

$17,332

Student Loans for Suffolk University

Average Loan Amount Average Loan Amount received per year.

$9,740/Year

Students Taking Out Loans

61%

Loan Default Rate

3.9%

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