Alvernia University Financial Aid and Scholarships
Students Receiving Aid
84%
Total Aid Amount
$28.638M
Financial Aid Official Website
https://www.alvernia.edu/admissions-aid/financial-aid
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 $18,423,275. One can visit AU's financial aid page at https://www.alvernia.edu/admissions-aid/financial-aid for more information. The total percentage of candidates applying to Alvernia University who receive the Federal Grant is 41%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 41% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,195, and the same stands at $2,936 for State Grant awardees and $17,544 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,184. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $24,785 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $21,725 and $21,863, respectively. On the other hand, the average federal aid stands at $18,352 for those with an annual family income between $75,001 and $110,000, and at $14,701 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Alvernia University, the percentage of candidates who opt to avail of student loans is around 98%.
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