$4,516

Avg. Federal Grant

$5,019

Avg. Federal Loan

$62,268,835

Total Aid Awarded

University of Northern Colorado (UNC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$62.269M

Financial Aid Official Website

https://www.unco.edu/financial-aid/

It is interesting to note that, every year, around 93% of students at UNC receive some kind of financial aid, while the total amount of assistance/loans provided is $28,282,698. More information regarding the financial assistance schemes can be accessed on UNC’s official financial aid page at https://www.unco.edu/financial-aid/. Notably, a total of 36% of the applicants to University of Northern Colorado receive the Federal Grant every year. In comparison, 86% of the students are awarded the Student Grant, 85% get the Institution Grant, and 36% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,594, the State Grant receivers and Institution Grant beneficiaries get $2,185 and $5,736, respectively. And, for the Pell Grant awardees, the average aid amount is $4,755. 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. 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 University of Northern Colorado, the percentage of candidates who opt to avail of student loans is around 56%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

35%

Institution Grant Aid

87%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$4,516

State Grant Aid

$2,383

Institution Grant Aid

$5,882

Pell Grant

$4,367

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,166

$30,001 - $48,000

$12,239

$48,001 - $75,000

$9,878

$75,001 - $110,000

$5,631

Over $110,000

$2,528

Student Loans for University of Northern Colorado (UNC)

Average Loan Amount Average Loan Amount received per year.

$5,804/Year

Students Taking Out Loans

56%

Loan Default Rate

5.6%

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