$5,125

Avg. Federal Grant

$5,597

Avg. Federal Loan

$88,557,970

Total Aid Awarded

Xavier University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$88.558M

Financial Aid Official Website

https://www.xavier.edu/financial-aid

Students can avail of scholarships provided by the university, such as Anthony Munoz Foundation Scholarship Fund, Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, and Educational Assistance Commitment Grant, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at XU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $19,189,376 in a year. More information regarding the financial assistance schemes can be accessed on XU’s official financial aid page at https://www.xavier.edu/financial-aid. Notably, a total of 16% of the applicants to Xavier University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 16% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,164, the State Grant receivers and Institution Grant beneficiaries get $2,998 and $20,985, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,686. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Students whose family income per annum is less than $30,000 will receive a federal aid of $25,483 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,313, while those falling in the $48,001-$75,000 income category get $21,593 a year. On the other hand, the average federal aid stands at $20,570 for those with an annual family income between $75,001 and $110,000, and at $18,935 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At XU, an estimated number of 66% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

7%

Institution Grant Aid

99%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$5,125

State Grant Aid

$3,061

Institution Grant Aid

$20,117

Pell Grant

$4,771

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,467

$30,001 - $48,000

$25,616

$48,001 - $75,000

$22,134

$75,001 - $110,000

$19,966

Over $110,000

$19,116

Student Loans for Xavier University

Average Loan Amount Average Loan Amount received per year.

$8,857/Year

Students Taking Out Loans

62%

Loan Default Rate

5.2%