$3,964

Avg. Federal Grant

$7,931

Avg. Federal Loan

$107,668,254

Total Aid Awarded

University of Utah Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$107.668M

Financial Aid Official Website

financialaid.utah.edu/

Such schemes include Alumni Association Achievement Scholarship, Alumni Association Non-Resident Scholarship for Incoming Freshmen, Alumni Legacy Scholarship, and Beehive Honor Legacy Scholarship. It is interesting to note that, every year, around 85% of students at UU receive some kind of financial aid, while the total amount of assistance/loans provided is $54,445,706. Notably, a total of 24% of the applicants to University of Utah receive the Federal Grant every year. In comparison, 76% of the students are awarded the Student Grant, 70% get the Institution Grant, and 20% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,185, and the same stands at $3,785 for State Grant awardees and $6,343 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,512. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At University of Utah, the percentage of candidates who opt to avail of student loans is around 28%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

23%

Institution Grant Aid

70%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$3,964

State Grant Aid

$3,335

Institution Grant Aid

$5,849

Pell Grant

$4,575

Students and families need to plan and think about how to fund the course and overall educational expenses. As higher education funding becomes more expensive, covering costs for their desired programs becomes more difficult for students and families. Assessing the perfect financial plan and options will help determine which financial strategy is best for them. 58% of the students receive financial aid, with the total reaching up to around $107,668,254.

  • Around 27% of the students receive Federal Grant Aid, which amounts to an average of $3,964.

  • 22% of the students receive Pell Grants, which amount to an average of around $4,575.

  • Approximately 23% of the students receive state grants at an average of around $3,335.

  • 70% of the students receive the institutional grant at an average of around $5,849.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,401

$30,001 - $48,000

$8,340

$48,001 - $75,000

$5,476

$75,001 - $110,000

$3,161

Over $110,000

$2,526

Students and families need to understand both immediate and long-term budgeting for their financial programs. Their FAFSA determines how much a student must contribute each year to the college tuition, how much financial aid they are eligible for, and how it provides the students with a clear understanding of what to expect from each type of assistance they receive.

For a student who has a family income ranging from $0 to $30,000, the average federal aid provided is $8,401, whereas a student having a family income ranging from $30,001 to $48,000, the average federal aid is $8,340. The student who has a family income ranging from $48,001 to $75,000, the average federal aid provided is $5,476, whereas the student having an annual income ranging from $75,001 to $110,000 receives around $3,161. The average aid provided to those who earn amounts larger than $110,000 stands at $4,526.

Student Loans for University of Utah

Average Loan Amount Average Loan Amount received per year.

$10,238/Year

Students Taking Out Loans

30%

Loan Default Rate

2.7%