The University of Louisiana Monroe (ULM) Financial Aid and Scholarships
Students Receiving Aid
62%
Total Aid Amount
$51.799M
Financial Aid Official Website
www.ulm.edu/financialaid/
Notably, 98% of the students at University of Louisiana at Monroe get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $22,495,570. Notably, a total of 45% of the applicants to University of Louisiana at Monroe receive the Federal Grant every year. On the other hand, 95% of the candidates get the Student Grant, 75% receive the Institution Grant, and 45% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,021, and the same stands at $5,016 for State Grant awardees and $6,710 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,753. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At ULM, an estimated number of 47% of the applicants choose to go for student loans.
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