$4,816

Avg. Federal Grant

$5,425

Avg. Federal Loan

$38,747,716

Total Aid Awarded

University of Massachusetts-Dartmouth Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$38.748M

Financial Aid Official Website

www.umassd.edu/financialaid/

It is interesting to note that, every year, around 98% of students at UMD receive some kind of financial aid, while the total amount of assistance/loans provided is $33,943,722. More information regarding the financial assistance schemes can be accessed on UMD’s official financial aid page at http://www.umassd.edu/financialaid/. Notably, a total of 47% of the applicants to University of Massachusetts-Dartmouth receive the Federal Grant every year. On the other hand, 96% of the candidates get the Student Grant, 93% receive the Institution Grant, and 47% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,938, while the same comes to $1,817 for State Grant receivers and $5,567 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,494. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 UMD, an estimated number of 77% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

62%

Institution Grant Aid

77%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,816

State Grant Aid

$2,129

Institution Grant Aid

$5,201

Pell Grant

$4,588

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,611

$30,001 - $48,000

$11,109

$48,001 - $75,000

$9,001

$75,001 - $110,000

$3,999

Over $110,000

$1,351

Student Loans for University of Massachusetts-Dartmouth

Average Loan Amount Average Loan Amount received per year.

$7,046/Year

Students Taking Out Loans

78%

Loan Default Rate

6.8%

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