$4,648

Avg. Federal Grant

$7,589

Avg. Federal Loan

$28,036,774

Total Aid Awarded

University of the Cumberlands Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$28.037M

Financial Aid Official Website

www.ucumberlands.edu/admissions/aid

Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Educational Foundation of the KYCPA Scholarships, and Mary Jo Young Dual Credit Scholarship. Notably, 99% of the students at University of the Cumberlands get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,960,046. At UC, the total percentage of applicants who receive the Federal Grant stands at 47%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 47% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,869, the State Grant receivers and Institution Grant beneficiaries get $4,833 and $14,636, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,121. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of the Cumberlands, the percentage of candidates who opt to avail of student loans is around 63%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

53%

Institution Grant Aid

98%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$4,648

State Grant Aid

$4,630

Institution Grant Aid

$13,431

Pell Grant

$4,509

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,417

$30,001 - $48,000

$19,407

$48,001 - $75,000

$18,242

$75,001 - $110,000

$17,123

Over $110,000

$15,035

Student Loans for University of the Cumberlands

Average Loan Amount Average Loan Amount received per year.

$7,806/Year

Students Taking Out Loans

68%

Loan Default Rate

6.5%

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