$4,331

Avg. Federal Grant

$9,650

Avg. Federal Loan

$14,529,933

Total Aid Awarded

Sullivan University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$14.530M

Financial Aid Official Website

N/A

There are many ways to pay for college. Federal aid, loans, grants, scholarships and student jobs can make college more affordable and accessible to students. Students can reduce tuition and other costs with assistantships and fellowships, as well as grants outside Sullivan University. The total financial aid provided is $14,529,933, and about 77% of the students receive those aids.

To apply for federal aids, the students are required to fill the FAFSA form and renew it every year.

Scholarships

There are a number of scholarships one can receive from the university. Some of these are:

  • Imagine America Foundation Scholarship

  • ICI cultural research and travel Scholarship

  • Scholarships specifically for High Schoolers

  • Work ready Kentucky Scholarship program

Grants

Federal Grants

State Grants

  • Kentucky Tuition Grant
  • College Access Program Grant

To know more about these grants, click here.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

70%

State Grant Aid

23%

Institution Grant Aid

93%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$4,331

State Grant Aid

$3,557

Institution Grant Aid

$6,286

Pell Grant

$4,146

The Sullivan University’s financial aid includes Federal Grants, Pell Grants, State grants and Institutional grants, with 77% of students receiving some kind of financial aids.

  • Approximately 70% of the students get Federal Grant Aid, which comes to around $4,331.
  • The same percentage of students receive the Pell Grant aid, which is 70% of the student population. The amount comes up to $4,146.
  • 23% of the students are entitled to State Grant Aid, the amount for which is somewhere around $3,557.
  • The most percentage of students at 93% of the students receive institutional grants. The amount for this aid is around $6,286.
  • A staggering 84% of the students take a loan at the default rate of 13.5%, the amount for which is $9,724 approximately.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,692

$30,001 - $48,000

$2,625

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

As per the data from Sullivan University’s financial aid office, lower the family income higher is the amount of financial aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $3,692 while those with family income over $30,000 and below $48,000 can expect to receive an aid amount of $2,625.

Student Loans for Sullivan University

Average Loan Amount Average Loan Amount received per year.

$9,724/Year

Students Taking Out Loans

84%

Loan Default Rate

13%

Unlike the previously mentioned aids, student loans are self-help aids, which means you will have to either earn or pay back the aids that you receive through this kind of aid. Sullivan University student loans are provided by both federal and private sources.

  • Federal Direct Loan
  • Federal PLUS Loan
  • Alternate loans(private loans)

To know more, click here.

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