$4,817

Avg. Federal Grant

$5,729

Avg. Federal Loan

$99,190,571

Total Aid Awarded

University of Cincinnati Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

54%

Total Aid Amount Average Total Aid Awarded per year.

$99.191M

Financial Aid Official Website

financialaid.uc.edu/

University of Cincinnati believes that, regardless of your income, you have the potential to afford the quality education that the university provides. Hence, if you find the tuitions and cost of attendance to be too much, you can opt for the financial aid options. About 54% of the students receive some kind of financial aid every year, the amount of which comes to approximately $99,190,571.

The University of Cincinnati financial aid options will likely not meet all of your educational costs, however, it can reduce the pocket-pinch for you or your family. 

Students who wish to avail the financial aid options must fill a Free Application for Federal Student Aid (FAFSA) form. Here we are looking at some of the gift-aids that you can avail while studying at the university.

Scholarship

A number of scholarships are available to assist students from the University of Cincinnati in obtaining their degree. Under the following initial criteria, multiple scholarships are provided by University of Cincinnati. To name a few:

Grants

Grants, much like the scholarships, are part of the gift aids, which means that the amount received through this source by the student is not repayable. Here are a few grants that are available to students of University of Cincinnati:

  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant
  • TEACH Grant
  • Ohio College Opportunity Grant
  • Cincinnati Price Grant
  • University Need Grant

These are grants that are awarded by the US Federal Government, the state and the institution. To know more about these grants, click here.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

13%

Institution Grant Aid

54%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$4,817

State Grant Aid

$1,615

Institution Grant Aid

$5,757

Pell Grant

$4,489

Here is a detailed breakdown of the financial aids that you can expect to receive at University of Cincinnati. On an average, almost 54% of students receive financial aids.

  • Approximately 21% of the students get Federal Grant Aid, which comes to around $4,817
  • The same percentage of students receive the Pell Grant aid, which is 21% of the student population. The amount comes up to $4,489
  •  The least percentage of students receive state grant at 13%, the amount for which is somewhere around $1,615
  • A whopping 54% of students receive institutional grants, the amount for this aid is around $5,757
  • A staggering 52% of the students take a loan at the default rate of 6.9%, the amount for which is $7,293 approximately.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,016

$30,001 - $48,000

$9,053

$48,001 - $75,000

$5,368

$75,001 - $110,000

$1,933

Over $110,000

$1,563

As we have mentioned earlier, the financial aids are given based on financial needs too. Keeping that in mind, here is a breakdown of the amounts that students from different income groups can expect. In the income group of $0-$30,000, students can expect aids of approximately $10,016. For the next scale, which is $30,001-$48,000, the students receive grants of $9,053 on an average. Unfortunately, however, as the scales keep increasing, the grants keep decreasing quite a bit. The next scale, which is $48,001-$75,001, students can expect grants of about $5,368. The higher the scale, the drastic the difference. This can be noticed as the scale of $75,001-$110,000, the grant only covers $1,933, and the last cap which is anything above $110,000, the grant comes up to only $1,563.

Student Loans for University of Cincinnati

Average Loan Amount Average Loan Amount received per year.

$7,293/Year

Students Taking Out Loans

52%

Loan Default Rate

6.9%

Unlike the previously mentioned aids, student loans are self-help aids, which means you will have to either earn or pay back the aids that you receive through this kind of aid. University of Cincinnati loans are provided by both federal and private sources, however, it is advisable to consider federal loan options first. Here we have listed a few of the loan options:

  • Federal Direct Loan (Subsidized and unsubsidized)
  • Nursing student loan
  • Federal Direct Graduate PLUS Loan
  • Federal Direct Parent PLUS Loan

To know more about these loan options, click here.