$4,810

Avg. Federal Grant

$6,046

Avg. Federal Loan

$38,447,627

Total Aid Awarded

University of Mary Hardin-Baylor (UMHB) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$38.448M

Financial Aid Official Website

https://go.umhb.edu/resources/financial-aid/home

It is interesting to note that, every year, around 95% of students at UMHB receive some kind of financial aid, while the total amount of assistance/loans provided is $15,792,130. At UMHB, the total percentage of applicants who receive the Federal Grant stands at 40%. In comparison, 94% of the students are awarded the Student Grant, 92% get the Institution Grant, and 40% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,614, while the same comes to $3,620 for State Grant receivers and $10,405 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,509. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UMHB, an estimated number of 72% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

50%

Institution Grant Aid

96%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,810

State Grant Aid

$3,789

Institution Grant Aid

$10,697

Pell Grant

$4,518

UMHB supports all students pursuing a spectrum of degrees under it. The contribution of diverse grant programs is noted:

  • Federal Grants: This caters to an approximate portion of 40% students with an average aid of $4,180.

  • Pell Grants: Around 40% of the students are offered with an average aid amounting to $4,518.

  • State Grants: This serves around 50% of the students with an average aid of $3,789.

  • Institutional Grants: This caters 96% of the students with an aid of $10,697 at an average.

An average of $6,046 federal loans is offered by Mary Hardin Baylor for supporting the students with financial extremities.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,657

$30,001 - $48,000

$17,454

$48,001 - $75,000

$17,326

$75,001 - $110,000

$15,430

Over $110,000

$10,377

There is not much significant difference among the financial aid received by various family income groups. These help to cut down UMHB costs for tuition. The financial aid catering to different income groups fluctuates from $10,377 to $17,657. The lower income groups receive greater amounts of financial services compared to the higher income groups.

The income groups of $0 to $30,000, $30,001 to $48,000 and $48,001 to $75,000 ranges, receive financial assistance amounting to $17,657, $17,454 and $17, 326, respectively.

As such, incomes that fall between a range of $75,001 to $110,000 receive an award of $15,430 and those groups with income above $110,000 receive $10,377 reward.

Student Loans for University of Mary Hardin-Baylor (UMHB)

Average Loan Amount Average Loan Amount received per year.

$7,174/Year

Students Taking Out Loans

72%

Loan Default Rate

8.3%

Other Colleges In Texas

Other Private not-for-profit Colleges