$4,357

Avg. Federal Grant

$4,217

Avg. Federal Loan

$41,142,897

Total Aid Awarded

University of New England (UNE) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$41.143M

Financial Aid Official Website

https://www.une.edu/financialaid/

Among them are scholarship programs such as Maine Difference Scholarship, Maine Metal Products Association Scholarship, Maine Public Relations Council Scholarship, and Maine State Society of Washington D.C. Scholarship. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,080,105. For additional information about financial assistance schemes, one can head over to UNE’s financial aid page at https://www.une.edu/financialaid/. At UNE, the total percentage of applicants who receive the Federal Grant stands at 26%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 26% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,987, while the same comes to $1,468 for State Grant receivers and $19,730 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,202. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $25,660 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,843, while those falling in the $48,001-$75,000 income category get $23,007 a year. On the other hand, the average federal aid stands at $15,732 for those with an annual family income between $75,001 and $110,000, and at $16,405 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UNE, an estimated number of 96% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

11%

Institution Grant Aid

100%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$4,357

State Grant Aid

$1,398

Institution Grant Aid

$17,871

Pell Grant

$3,843

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,576

$30,001 - $48,000

$24,875

$48,001 - $75,000

$22,344

$75,001 - $110,000

$19,382

Over $110,000

$16,934

Student Loans for University of New England (UNE)

Average Loan Amount Average Loan Amount received per year.

$10,248/Year

Students Taking Out Loans

96%

Loan Default Rate

2.4%

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