Brigham Young University-Idaho Financial Aid and Scholarships
Students Receiving Aid
33%
Total Aid Amount
$102.522M
Financial Aid Official Website
www.byui.edu/FinancialAid/
Notably, 61% of the students at Brigham Young University-Idaho get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $57,063,698. One can visit BYUI's financial aid page at http://www.byui.edu/FinancialAid/ for more information. Notably, a total of 22% of the applicants to Brigham Young University-Idaho receive the Federal Grant every year. On the other hand, 46% of the candidates get the Student Grant, 36% receive the Institution Grant, and 22% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,371, while the same comes to $3,254 for State Grant receivers and $2,650 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $7,299. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $6,598 per year. The average aid amount stands at $6,304 for an annual family income between $30,001 and $48,000. This amount comes to $4,235 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $1,459, while candidates with more than $110,000 of family income receive an average federal aid of $296. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 22% of the applicants to Brigham Young University-Idaho opt for student loans.
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