$4,975

Avg. Federal Grant

$6,024

Avg. Federal Loan

$51,799,044

Total Aid Awarded

The University of Louisiana Monroe (ULM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

74%

Institution Grant Aid

71%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,975

State Grant Aid

$5,145

Institution Grant Aid

$7,407

Pell Grant

$4,851

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,146

$30,001 - $48,000

$11,831

$48,001 - $75,000

$10,523

$75,001 - $110,000

$11,150

Over $110,000

$11,128

Student Loans for The University of Louisiana Monroe (ULM)

Average Loan Amount Average Loan Amount received per year.

$6,024/Year

Students Taking Out Loans

49%

Loan Default Rate

7.1%

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