$5,563

Avg. Federal Grant

$6,871

Avg. Federal Loan

$25,029,004

Total Aid Awarded

Claflin University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$25.029M

Financial Aid Official Website

www.claflin.edu/admissions-aid/financial-aid

Such schemes include C.G. Fuller Foundation Scholarship, Dr. Robert Howard/WHS Scholarship, Honors College Scholarship, and LinkScholars Program. As many as 97% of the students at CU get some sort of financial aid, and the total amount of assistance/loans provided is more than $13,427,950 in a year. At CU, the total percentage of applicants who receive the Federal Grant stands at 80%. Meanwhile, 96% of the applicants receive the Student Grant and 83% are awarded the Institution Grant, while 80% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,694, while the same comes to $6,010 for State Grant receivers and $6,314 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,217. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 88% of the applicants to Claflin University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

83%

Institution Grant Aid

82%

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$5,563

State Grant Aid

$6,009

Institution Grant Aid

$4,631

Pell Grant

$5,160

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,089

$30,001 - $48,000

$12,005

$48,001 - $75,000

$17,154

$75,001 - $110,000

$8,004

Over $110,000

$15,055

Student Loans for Claflin University

Average Loan Amount Average Loan Amount received per year.

$6,854/Year

Students Taking Out Loans

87%

Loan Default Rate

10.6%

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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