$5,004

Avg. Federal Grant

$4,914

Avg. Federal Loan

$16,226,195

Total Aid Awarded

University of Arkansas at Monticello Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

66%

State Grant Aid

47%

Institution Grant Aid

54%

Pell Grant

66%

Average Aid Awarded

Federal Grant Aid

$5,004

State Grant Aid

$1,807

Institution Grant Aid

$4,859

Pell Grant

$4,917

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,923

$30,001 - $48,000

$9,643

$48,001 - $75,000

$5,660

$75,001 - $110,000

$3,136

Over $110,000

$2,186

Student Loans for University of Arkansas at Monticello

Average Loan Amount Average Loan Amount received per year.

$5,051/Year

Students Taking Out Loans

63%

Loan Default Rate

14.4%

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