$4,813

Avg. Federal Grant

$5,587

Avg. Federal Loan

$16,617,352

Total Aid Awarded

Union College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$16.617M

Financial Aid Official Website

www.unionky.edu/Admiss/FinAid.asp

Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence. It is interesting to note that almost every student at UC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,996,393. For additional information about financial assistance schemes, one can head over to UC’s financial aid page at http://www.union.edu/admissions/finaid/. The total percentage of candidates applying to Union College who receive the Federal Grant is 66%. In comparison, 100% of the students are awarded the Student Grant, 97% get the Institution Grant, and 66% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,492, and the same stands at $5,062 for State Grant awardees and $14,248 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,015. 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 $56,644 in a year. The average aid amount stands at $44,508 for an annual family income between $30,001 and $48,000. This amount comes to $45,051 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $37,963 for those with an annual family income between $75,001 and $110,000, and at $22,848 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Union College, the percentage of candidates who opt to avail of student loans is around 79%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

59%

Institution Grant Aid

100%

Pell Grant

68%

Average Aid Awarded

Federal Grant Aid

$4,813

State Grant Aid

$4,942

Institution Grant Aid

$13,555

Pell Grant

$4,755

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,532

$30,001 - $48,000

$20,002

$48,001 - $75,000

$18,825

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Union College

Average Loan Amount Average Loan Amount received per year.

$6,181/Year

Students Taking Out Loans

84%

Loan Default Rate

15.2%

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