$5,905

Avg. Federal Grant

$10,519

Avg. Federal Loan

$46,054,893

Total Aid Awarded

University of South Alabama (USA) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$46.055M

Financial Aid Official Website

www.southalabama.edu/departments/finaid/

It is interesting to note that, every year, around 95% of students at USA receive some kind of financial aid, while the total amount of assistance/loans provided is $63,338,881. More information regarding the financial assistance schemes can be accessed on USA’s official financial aid page at http://www.southalabama.edu/departments/finaid/. At USA, the total percentage of applicants who receive the Federal Grant stands at 45%. Meanwhile, 88% of the applicants receive the Student Grant and 70% are awarded the Institution Grant, while 43% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,638, and the same stands at $1,466 for State Grant awardees and $5,545 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,874. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At USA, an estimated number of 61% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

3%

Institution Grant Aid

68%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$5,905

State Grant Aid

$775

Institution Grant Aid

$5,324

Pell Grant

$4,706

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,894

$30,001 - $48,000

$8,086

$48,001 - $75,000

$4,025

$75,001 - $110,000

$407

Over $110,000

$31

Student Loans for University of South Alabama (USA)

Average Loan Amount Average Loan Amount received per year.

$10,983/Year

Students Taking Out Loans

61%

Loan Default Rate

8.4%

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