$4,982

Avg. Federal Grant

$5,444

Avg. Federal Loan

$290,118,217

Total Aid Awarded

The University of Alabama Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$290.118M

Financial Aid Official Website

financialaid.ua.edu

Among them are scholarship programs such as Academic Elite Scholarships, Alabama G.I. Dependents' Scholarship, Alumni Heritage Scholarship, and Alumni Scholar Award. As many as 79% of the students at TUA get some sort of financial aid, and the total amount of assistance/loans provided is more than $80,453,311 in a year. One can visit TUA's financial aid page at http://financialaid.ua.edu for more information. The total percentage of candidates applying to The University of Alabama who receive the Federal Grant is 17%. In comparison, 64% of the students are awarded the Student Grant, 56% get the Institution Grant, and 17% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,255, and the same stands at $679 for State Grant awardees and $15,676 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,590. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At TUA, an estimated number of 42% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

1%

Institution Grant Aid

57%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$4,982

State Grant Aid

$660

Institution Grant Aid

$17,464

Pell Grant

$4,611

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,909

$30,001 - $48,000

$8,883

$48,001 - $75,000

$6,967

$75,001 - $110,000

$4,635

Over $110,000

$4,225

Student Loans for The University of Alabama

Average Loan Amount Average Loan Amount received per year.

$9,657/Year

Students Taking Out Loans

43%

Loan Default Rate

5.1%

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