$5,012

Avg. Federal Grant

$5,456

Avg. Federal Loan

$30,573,484

Total Aid Awarded

Union University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$30.573M

Financial Aid Official Website

www.uu.edu/financialaid/

Such schemes include Carnegie Dartlet $10,000 Scholarship, Chapter 105 - Memphis - Les Segar Memorial Scholarship, Community Service Scholarship for Multicultural Students, and Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $14,000,112. One can visit UU's financial aid page at http://www.uu.edu/financialaid/ for more information. The total percentage of candidates applying to Union University who receive the Federal Grant is 47%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 34% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $3,794, the State Grant receivers and Institution Grant beneficiaries get $5,187 and $16,059, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,456. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $31,082 per year. The average aid amount stands at $28,249 for an annual family income between $30,001 and $48,000. This amount comes to $28,379 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $24,499, while candidates with more than $110,000 of family income receive an average federal aid of $22,038. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 94% of the applicants to Union University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

24%

State Grant Aid

68%

Institution Grant Aid

97%

Pell Grant

23%

Average Aid Awarded

Federal Grant Aid

$5,012

State Grant Aid

$4,049

Institution Grant Aid

$19,323

Pell Grant

$4,578

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,868

$30,001 - $48,000

$25,893

$48,001 - $75,000

$25,035

$75,001 - $110,000

$22,749

Over $110,000

$20,750

Student Loans for Union University

Average Loan Amount Average Loan Amount received per year.

$6,207/Year

Students Taking Out Loans

56%

Loan Default Rate

4.7%

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