$4,449

Avg. Federal Grant

$5,814

Avg. Federal Loan

$75,799,365

Total Aid Awarded

The University of Scranton Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$75.799M

Financial Aid Official Website

www.scranton.edu/financial-aid/

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.

Scholarships

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.

Grants

Federal Grants

  • 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.

State Grant

  • 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.

Institutional Grant

  • 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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

19%

State Grant Aid

17%

Institution Grant Aid

94%

Pell Grant

19%

Average Aid Awarded

Federal Grant Aid

$4,449

State Grant Aid

$3,664

Institution Grant Aid

$21,961

Pell Grant

$4,449

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.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$33,484

$30,001 - $48,000

$33,575

$48,001 - $75,000

$27,959

$75,001 - $110,000

$25,120

Over $110,000

$19,898

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.

Student Loans for The University of Scranton

Average Loan Amount Average Loan Amount received per year.

$10,225/Year

Students Taking Out Loans

70%

Loan Default Rate

3%

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:

  • Federal Direct Stafford Loan
  • Federal Direct Parent PLUS Loan
  • Federal Perkins Loan
  • Federal Nursing Loan
  • Alternate Loans (private loans)

To know more about these loans, you can click here.

Other Colleges In Pennsylvania

Bucknell University
Bucknell University

Lewisburg, Pennsylvania

Lehigh University
Lehigh University

Bethlehem, Pennsylvania

Lock Haven University
Lock Haven University

Lock Haven, Pennsylvania

Other Colleges In Scranton

Johnson College
Johnson College

Scranton, Pennsylvania

Lackawanna College
Lackawanna College

Scranton, Pennsylvania

Marywood University
Marywood University

Scranton, Pennsylvania