Augustana University Financial Aid and Scholarships
Students Receiving Aid
96%
Total Aid Amount
$34.015M
Financial Aid Official Website
www.augie.edu/admission/financing-your-education
Interestingly, almost all of the students at AU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,069,691 in a year. For additional information about financial assistance schemes, one can head over to AU’s financial aid page at http://www.augie.edu/admission/financing-your-education. Notably, a total of 20% of the applicants to Augustana University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 20% get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,339, the State Grant receivers and Institution Grant beneficiaries get $1,580 and $20,541, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,359. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $24,116 on average in a year. The average aid amount stands at $26,337 for an annual family income between $30,001 and $48,000. This amount comes to $25,228 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $22,106 for those with an annual family income between $75,001 and $110,000, and at $19,106 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 AU, an estimated number of 66% of the applicants choose to go for student loans.
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