University of Illinois at Urbana-Champaign Financial Aid and Scholarships
Students Receiving Aid
52%
Total Aid Amount
$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.
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