Alabama State University Financial Aid and Scholarships
Students Receiving Aid
89%
Total Aid Amount
$31.359M
Financial Aid Official Website
www.alasu.edu/cost-aid/index.aspx
Such schemes include Academic Scholarship, Alabama G.I. Dependents' Scholarship, Dean Scholarship, and Incentive Scholarship. It is interesting to note that, every year, around 95% of students at ASU receive some kind of financial aid, while the total amount of assistance/loans provided is $32,546,045. More information regarding the financial assistance schemes can be accessed on ASU’s official financial aid page at http://www.alasu.edu/cost-aid/index.aspx. At ASU, the total percentage of applicants who receive the Federal Grant stands at 77%. On the other hand, 89% of the candidates get the Student Grant, 46% receive the Institution Grant, and 77% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,602, and the same stands at $5,276 for State Grant awardees and $7,955 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,764. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Alabama State University, the percentage of candidates who opt to avail of student loans is around 80%.
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