Viterbo University Financial Aid and Scholarships
Students Receiving Aid
86%
Total Aid Amount
$21.261M
Financial Aid Official Website
www.viterbo.edu/financial-aid
Among them are scholarship programs such as Academic Excellence Scholarship, Academic Grant and Scholarship, Alumni Children's Scholarship, and Berg Women's Basketball Scholarship. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $9,052,419. At VU, the total percentage of applicants who receive the Federal Grant stands at 29%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 26% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,220, and the same stands at $3,243 for State Grant awardees and $16,416 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,173. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Viterbo University, the percentage of candidates who opt to avail of student loans is around 77%.
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