$6,092

Avg. Federal Grant

$5,069

Avg. Federal Loan

$190,394,211

Total Aid Awarded

Vanderbilt University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$190.394M

Financial Aid Official Website

www.vanderbilt.edu/financialaid/

Such schemes include Chancellor's Scholarship, Chapter 105 - Memphis - Les Segar Memorial Scholarship, Cornelius Vanderbilt Scholarship, and Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship. As many as 68% of the students at VU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,162,229 in a year. For additional information about financial assistance schemes, one can head over to VU’s financial aid page at http://www.vanderbilt.edu/financialaid/. At VU, the total percentage of applicants who receive the Federal Grant stands at 16%. In comparison, 63% of the students are awarded the Student Grant, 62% get the Institution Grant, and 15% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,086, and the same stands at $5,241 for State Grant awardees and $42,932 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,493. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $63,486 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $58,611, while those falling in the $48,001-$75,000 income category get $53,508 a year. On the other hand, the average federal aid stands at $49,840 for those with an annual family income between $75,001 and $110,000, and at $29,960 for an income more than $110,000. 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 VU, an estimated number of 12% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

10%

Institution Grant Aid

64%

Pell Grant

15%

Average Aid Awarded

Federal Grant Aid

$6,092

State Grant Aid

$5,426

Institution Grant Aid

$42,735

Pell Grant

$4,637

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$63,427

$30,001 - $48,000

$63,867

$48,001 - $75,000

$58,863

$75,001 - $110,000

$52,307

Over $110,000

$29,260

Student Loans for Vanderbilt University

Average Loan Amount Average Loan Amount received per year.

$9,367/Year

Students Taking Out Loans

13%

Loan Default Rate

1.5%

Other Colleges In Tennessee

Union University, which is located in Jackson, TN is a private, Southern Baptist university. Union University occupies a total area of about 290 acres. It was in 1823 when the Union University was founded. Keeping the pursuit of research, innovation, and excellence at the center, Union University

Jackson, Tennessee 4 years Private Not-For-Profit

Belmont University which is a private, Interdenominational university, is located in Nashville, Tennessee. Belmont University is home to an ethnically diverse student body. At BU around 80% are white, 6% belong to Hispanic ethnicity, and 5% are Black or African American. Further, around 95% of th

Nashville, Tennessee 4 years Private Not-For-Profit

#N/A

Nashville, Tennessee 4 years Private Not-For-Profit

Other Colleges In Nashville

#N/A

Nashville, Tennessee 2 years Public

Nashville, Tennessee 2 years Private For-Profit

Nossi College of Art, which is located in Nashville, TN is a private university. Across all the courses offered at Nossi College of Art, the enrolment stands at 309. To teach various courses to the students, the school has employed a total of 38 faculty. There are around 61% of the students who a

Nashville, Tennessee 4 years Private For-Profit

Other Private not-for-profit Colleges

Southern Methodist University which is a private, United Methodist university, is located in Dallas, TX. Southern Methodist University occupies a total area of about 237 acres. Southern Methodist University was founded in the year 1911. The motto of the Southern Methodist University is Latin: Verita

Dallas, Texas 4 years Private For-Profit

#N/A

Mount Olive, North Carolina 4 years Private Not-For-Profit

Dallas, Texas 4 years Private Not-For-Profit