Financial aid in the form of federal aid is provided to a student, depending on the income of the student or the student’s family. It is segregated into 5 different income types to help determine the appropriate average amount of federal aid you may receive with respect to your family’s income.
For a student who has a family income ranging from $0 - $30,000, the average federal aid provided is $12,011 whereas a student having a family income ranging from $30,001 - $48,000 receives an average of $11,319.
From ranges above $48,001, the average amount starts to lessen comparatively. Family incomes ranging from $48,001 - $75,000 get the benefit of receiving an average aid of US$8,530 while those with an annual income between $75,001 - $110,000 get $4,254. Incomes above $110,000 get an average federal aid of $3,032.