$4,960

Avg. Federal Grant

$5,278

Avg. Federal Loan

$240,396,033

Total Aid Awarded

University of Illinois at Urbana-Champaign Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$240.396M

Financial Aid Official Website

www.osfa.illinois.edu

Such schemes include AMVETS Post #100 Scholarship, August & Edna Zahatko Scholarship, Grant Program for Descendants of Police, Fire, or Correctional Officers, and Illinois Future Teacher Corps Scholarship. It is interesting to note that, every year, around 64% of students at UIUC receive some kind of financial aid, while the total amount of assistance/loans provided is $68,150,983. For additional information about financial assistance schemes, one can head over to UIUC’s financial aid page at http://www.osfa.illinois.edu. Notably, a total of 25% of the applicants to University of Illinois at Urbana-Champaign receive the Federal Grant every year. Meanwhile, 50% of the applicants receive the Student Grant and 48% are awarded the Institution Grant, while 25% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,107, while the same comes to $5,670 for State Grant receivers and $10,020 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,835. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 UIUC, an estimated number of 36% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

25%

State Grant Aid

30%

Institution Grant Aid

46%

Pell Grant

25%

Average Aid Awarded

Federal Grant Aid

$4,960

State Grant Aid

$5,684

Institution Grant Aid

$8,865

Pell Grant

$4,840

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,357

$30,001 - $48,000

$19,750

$48,001 - $75,000

$13,128

$75,001 - $110,000

$6,265

Over $110,000

$2,093

Student Loans for University of Illinois at Urbana-Champaign

Average Loan Amount Average Loan Amount received per year.

$6,816/Year

Students Taking Out Loans

40%

Loan Default Rate

1.9%

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