Ball State University Financial Aid and Scholarships
Students Receiving Aid
69%
Total Aid Amount
$128.287M
Financial Aid Official Website
www.bsu.edu/finaid
As many as 91% of the students at BSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $62,717,590 in a year. More information regarding the financial assistance schemes can be accessed on BSU’s official financial aid page at http://www.bsu.edu/finaid. Notably, a total of 37% of the applicants to Ball State University receive the Federal Grant every year. Meanwhile, 76% of the applicants receive the Student Grant and 60% are awarded the Institution Grant, while 37% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,200, while the same comes to $7,438 for State Grant receivers and $7,501 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,048. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 64% of the applicants to Ball State University opt for student loans.
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