$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%

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