University of Arkansas at Monticello Financial Aid and Scholarships
Students Receiving Aid
75%
Total Aid Amount
$16.226M
Financial Aid Official Website
www.uamont.edu/pages/financial-aid/
Notably, 90% of the students at University of Arkansas at Monticello get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,633,202. For additional information about financial assistance schemes, one can head over to UAM’s financial aid page at http://www.uamont.edu/pages/financial-aid/. Notably, a total of 58% of the applicants to University of Arkansas at Monticello receive the Federal Grant every year. In comparison, 87% of the students are awarded the Student Grant, 38% get the Institution Grant, and 58% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,428, the State Grant receivers and Institution Grant beneficiaries get $1,117 and $5,194, respectively. And, for the Pell Grant awardees, the average aid amount is $4,847. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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 University of Arkansas at Monticello, the percentage of candidates who opt to avail of student loans is around 52%.
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