$4,974

Avg. Federal Grant

$5,124

Avg. Federal Loan

$76,369,929

Total Aid Awarded

California Polytechnic State University (Cal-Poly) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$76.370M

Financial Aid Official Website

financialaid.calpoly.edu/

Notably, 63% of the students at California Polytechnic State University-San Luis Obispo get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $36,823,915. Notably, a total of 14% of the applicants to California Polytechnic State University-San Luis Obispo receive the Federal Grant every year. Meanwhile, 51% of the applicants receive the Student Grant and 37% are awarded the Institution Grant, while 14% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,054, while the same comes to $2,867 for State Grant receivers and $4,005 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,537. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 30% of the applicants to California Polytechnic State University-San Luis Obispo opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

29%

Institution Grant Aid

36%

Pell Grant

16%

Average Aid Awarded

Federal Grant Aid

$4,974

State Grant Aid

$2,824

Institution Grant Aid

$4,069

Pell Grant

$4,576

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,772

$30,001 - $48,000

$12,415

$48,001 - $75,000

$8,239

$75,001 - $110,000

$5,108

Over $110,000

$1,254

Student Loans for California Polytechnic State University (Cal-Poly)

Average Loan Amount Average Loan Amount received per year.

$5,721/Year

Students Taking Out Loans

32%

Loan Default Rate

0.9%

Other Colleges In California

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Claremont, California 4 years Private Not-For-Profit

#N/A

San Jose, California 4 years Public

#N/A

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