Brown University Financial Aid and Scholarships
Students Receiving Aid
46%
Total Aid Amount
$136.828M
Financial Aid Official Website
https://www.brown.edu/about/administration/financial-aid/
Students can avail of scholarships provided by the university, such as Albert E. And Florence W. Newton Nurse Scholarship, Aldo Freda Legislative Pages Scholarship, Antonio Cirino Memorial Art Education Fellowship, and Carnegie Dartlet $10,000 Scholarship, if they find educational expenses to be on the higher side. As many as 56% of the students at BU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,082,381 in a year. The total percentage of candidates applying to Brown University who receive the Federal Grant is 15%. In comparison, 44% of the students are awarded the Student Grant, 43% get the Institution Grant, and 14% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,633, the State Grant receivers and Institution Grant beneficiaries get $2,228 and $45,895, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,923. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At BU, an estimated number of 15% of the applicants choose to go for student loans.
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