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
Even though the cost of attendance is on the higher side at The University of Scranton, it provides multiple financial aid options for the students to be able to afford education there. By providing multiple aids to students, the University of Scranton has built up a reputable amount of $75,799,365 worth of total aid provided to students. At least 88% of the students who applied for it receive the aid. To avail federal financial aid options, the candidates are required to fill their FAFSA form.
Financial support is awarded according to the academic excellence, as well as financial need of the students. This makes education investment more affordable.
The University of Scranton offers various types of scholarships:
Loyola Scholarship: This scholarship is provided to students in need of financial support. It is a merit-based scholarship provided to students who showcase excellent academic achievements. Students should maintain a minimum of 3.2 GPA or higher as well as an SAT score of 1,170 points or 24 ACT points to qualify for this scholarship. The award amount may vary with the courses enrolled.
Arrupe Scholarship: The Arrupe scholarship is merit-based; students having a strong level of academic achievement and rank in the top 40% of their class will be qualified to take up this scholarship.
The University of Scranton offers external scholarships as well. These scholarships have different eligibility criteria and have award amounts that may vary with the funds available. Please visit the official website for more details on scholarships.
Pell Grant: Federal Pell Grant is provided to students who require financial support for students. The amount is based on the EFC details provided by the students in the FAFSA application form. Award amount may vary.
Supplemental Educational Opportunity Grant (SEOG): This grant is provided to students who are in need of financial aid. Award amounts vary according to the income bracket and need of the students.
Pennsylvania State Grant: This grant is provided to students who are Pennsylvania residents. The award is coordinated by the Pennsylvania Higher Education Assistance Agency (PHEAA), who require students to fill out an online form and to mention their EFC according to their FAFSA information.
Dexter Hanley Grant: This grant is provided to students who are enrolled for a 12 credit course. Students having financial need are awarded this grant. Award amount will range from $500 to $13,000.
For more details on grants, please visit the website for more information.
Student Receiving Aid
Federal Grant Aid
State Grant Aid
Institution Grant Aid
Average Aid Awarded
The university does a great job at keeping their promise to assist students any way they can. The following is a brief look into how some of that aid is distributed.
Federal Grant average aid is $4,449,with the percentage of students receiving it standing at 19%.
Pell Grant average aid is $4,449 and the percentage of students receiving it is 19%.
17% of students receive State Grants that contain an average aid of $3,664.
Institution Grant average aid worth an average of $21,961 is received by 94% of students applying for it.
Average Federal Aid Per Year
$30,001 - $48,000
$48,001 - $75,000
$75,001 - $110,000
University of Scranton provides aid to students on the basis of family income bracket. This helps their students determine which financial aid performs the best with regards to their financial goals.
For the income bracket between $0-30,000 the aid amount is the highest as the students under this bracket require more financial support , for this income bracket the aid amount comes up to $33,484.
Slight change is observed in the aid amount when the income bracket is $30,001-48,000 the amount comes up to $33,575.
For an income bracket $48,001-75,000 the aid provided decreases to $27,959.
When the income bracket increases the aid amount decreases to $25,120.
When the income bracket becomes $110,000 and more the aid amount becomes the lowest as the students coming under this bracket can somehow afford the education expenses $19,898.
Average Loan Amount
Average Loan Amount received per year.
Students Taking Out Loans
Loan Default Rate
Student loans, unlike the financial aid options we have discussed earlier, is part of self-help aid, which refers to aids that are repayable and have to be returned to the lenders, at time with interest charges. EVen though there are multiple sources that provide student loans, it is advisable to consider Federal Loan options first. Here are some loan options available to the students of University of Scranton:
To know more about these loans, you can click here.
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