University of Southern Indiana (USI) Financial Aid and Scholarships
Students Receiving Aid
52%
Total Aid Amount
$35.872M
Financial Aid Official Website
www.usi.edu/financial-aid
Among them are scholarship programs such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship. It is interesting to note that, every year, around 92% of students at USI receive some kind of financial aid, while the total amount of assistance/loans provided is $21,685,177. More information regarding the financial assistance schemes can be accessed on USI’s official financial aid page at http://www.usi.edu/financial-aid. The total percentage of candidates applying to University of Southern Indiana who receive the Federal Grant is 37%. On the other hand, 84% of the candidates get the Student Grant, 63% receive the Institution Grant, and 37% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,615, the State Grant receivers and Institution Grant beneficiaries get $5,543 and $4,127, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,414. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At USI, an estimated number of 56% of the applicants choose to go for student loans.
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