$4,940

Avg. Federal Grant

$5,774

Avg. Federal Loan

$25,145,195

Total Aid Awarded

Bowie State University (BSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$25.145M

Financial Aid Official Website

www.bowiestate.edu/admissions/financial_aid/

Such schemes include Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, Edward T. Conroy Memorial Scholarship, and Graduate and Professional Scholarship. As many as 90% of the students at BSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $21,096,477 in a year. Notably, a total of 59% of the applicants to Bowie State University receive the Federal Grant every year. In comparison, 72% of the students are awarded the Student Grant, 44% get the Institution Grant, and 59% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,063, the State Grant receivers and Institution Grant beneficiaries get $4,520 and $3,479, respectively. And, for the Pell Grant awardees, the average aid amount is $4,608. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 72% of the applicants to Bowie State University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

39%

Institution Grant Aid

46%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,940

State Grant Aid

$4,893

Institution Grant Aid

$3,200

Pell Grant

$4,865

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,385

$30,001 - $48,000

$5,026

$48,001 - $75,000

$3,010

$75,001 - $110,000

$1,519

Over $110,000

$867

Student Loans for Bowie State University (BSU)

Average Loan Amount Average Loan Amount received per year.

$6,232/Year

Students Taking Out Loans

70%

Loan Default Rate

14.1%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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