$5,004

Avg. Federal Grant

$11,078

Avg. Federal Loan

$6,067,830

Total Aid Awarded

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Urbana University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

24%

Total Aid Amount Average Total Aid Awarded per year.

$6.068M

Financial Aid Official Website

www.urbana.edu/admissions/financial-aid.html

Urbana University provides different kinds of institutional and state aid as well as outside grants and scholarship and loans to make the cost of education as affordable as possible. Urbana University believes that everyone should have education so they try to help their students pay for the education as much as possible  they help their students to apply for FAFSA, about 90% of the students of the Urbana University take advantage of the aid.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

31%

Institution Grant Aid

100%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$5,004

State Grant Aid

$2,935

Institution Grant Aid

$11,925

Pell Grant

$4,245

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants , with institutional grants having the highest percentage contribution of 100% with an average aid amount being $11925. Pell grants have a percentage of 48% with an average aid amount of $4245 which is higher than the State grant aid average of $2935.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,559

$30,001 - $48,000

$16,742

$48,001 - $75,000

$14,787

$75,001 - $110,000

$11,504

Over $110,000

$15,175

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $19559 while those with family income over $110,000 can expect to receive an aid amount of $15175. This helps students who are coming from low income homes to pay for their degree.

Student Loans for Urbana University

Average Loan Amount Average Loan Amount received per year.

$11,078/Year

Students Taking Out Loans

85%

Loan Default Rate

N/A

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