Avg. Federal Grant
Avg. Federal Loan
Total Aid Awarded
Students Receiving Aid
Percent of Students Receiving Financial Aid.
Total Aid Amount
Average Total Aid Awarded per year.
Financial Aid Official Website
Such schemes include Honors Scholarship, Leaders Scholarship, North Carolina Student Incentive Grant, and Triangle Scholarship Program. It is interesting to note that, every year, around 99% of students at UMO receive some kind of financial aid, while the total amount of assistance/loans provided is $15,242,377. Notably, a total of 53% of the applicants to University of Mount Olive receive the Federal Grant every year. Meanwhile, 98% of the applicants receive the Student Grant and 92% are awarded the Institution Grant, while 53% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,900, while the same comes to $4,502 for State Grant receivers and $9,514 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,064. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Candidates are also required to repay these loans within a given period. At UMO, an estimated number of 62% of the applicants choose to go for student loans.
Student Receiving Aid
Federal Grant Aid
State Grant Aid
Institution Grant Aid
Average Aid Awarded
When funding for higher education becomes more expensive, financial aid services become much more critically important as students and families must decide where to study and what program to choose that best fits their needs as well as their budget. With the data we’ve gathered on University of Mount Olive, most of the queries regarding aid reception is answered:
Around 52% of the students receive Federal Grant Aid, which amounts to an average of $4,692.
52% of the students receive Pell Grants, which amount to an average of around $4,248.
Approximately 58% of the students receive state grants at an average of around $4,617.
97% of the students receive the institutional grant at an average of around $8,553.
77% of the students receive grants, which amount to an average of around $20,133,737.
Average Federal Aid Per Year
$30,001 - $48,000
$48,001 - $75,000
$75,001 - $110,000
For a student who has a family income ranging from $0 to $30,000, the average federal aid provided is $14,515, whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $15,002. The student who has a family income ranging from $48,001 to $75,000, the average federal aid provided is $14,775, whereas the student having an annual income ranging from $75,001 to $110,000 the average federal provided is around $10,085. And the student has a yearly income range greater than $110,000; the average federal aid provided is $11,831.
Average Loan Amount
Average Loan Amount received per year.
Students Taking Out Loans
Loan Default Rate
Boone, North Carolina
High Point, North Carolina
Winston-Salem, North Carolina