$4,355

Avg. Federal Grant

$5,540

Avg. Federal Loan

$18,441,017

Total Aid Awarded

Clarion University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$18.441M

Financial Aid Official Website

www.clarion.edu/tuition-and-financial-aid/

Such schemes include Bobbi Scholarship, Cecil and Agnes Rhodes Memorial Scholarship, Christopher John Stahlman Memorial Scholarship, and Clarence and Janet Lesser Scholarship. It is interesting to note that, every year, around 96% of students at CUP receive some kind of financial aid, while the total amount of assistance/loans provided is $17,146,639. One can visit CUP's financial aid page at http://www.clarion.edu/tuition-and-financial-aid/ for more information. Notably, a total of 43% of the applicants to Clarion University of Pennsylvania receive the Federal Grant every year. On the other hand, 89% of the candidates get the Student Grant, 73% receive the Institution Grant, and 43% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,449, the State Grant receivers and Institution Grant beneficiaries get $2,841 and $2,800, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,110. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CUP, an estimated number of 76% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

49%

Institution Grant Aid

49%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,355

State Grant Aid

$2,976

Institution Grant Aid

$2,374

Pell Grant

$4,293

Clarion University provides multiple aids, a rough estimate of all the amounts offered to students in the form of aid can be approximately calculated to about $18,441,000 with close to 69% of students receiving the aid they have applied to.

  • Federal Grant average aid is $4,355, with the percentage of students receiving it standing at 45%.

  • Pell Grant average aid is $4,293 and the percentage of students receiving it is 45%.

  • 49% of students receive State Grants that contain an average aid of $2,976.

  • Institution Grant average aid worth an average of $2,374 is received by 49% of students applying for it.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,925

$30,001 - $48,000

$8,196

$48,001 - $75,000

$4,876

$75,001 - $110,000

$1,929

Over $110,000

$1,687

Prior to applying for financial aid, Clarion's Net Cost Calculator, or the federal financial aid Forecaster, can give applicants an idea of how much and what types of aid they might be eligible to receive. The basis of selection for most financial aids is the ability and/or financial need. The financial need determines an applicant’s eligibility for many types of aid.

Financial need is the difference between the Cost of Attendance at a university or college and the Expected Family Contribution (EFC). The Cost of Attendance includes estimates for tuition, fees, room, board (meals), transportation, books, and personal expenses. After filing FAFSA applicants will receive an Electronic Student Aid Report (E-SAR) from the Federal Department of Education that will include their Expected Family Contribution (EFC). Applicants can determine their financial need by subtracting their EFC from the total cost of the college they wish to attend.

The Financial Need formula is: Cost of Attendance – EFC = Financial Need

Students with family incomes ranging between $0-30,000 receive a federal aid amount of $8,925 due to a higher need for financial assistance. A slight change is observed with the range starting from $30,001-48,000, the aid provided for it is $8,196. For incomes within $48,001-75,000, the aid provided is $4,876. When the income range increases to $75,001 - $110,000, the aid amount decreases to $1,929. When the range increases beyond $110,000, the aid amount gets reduced to $1,687.

Student Loans for Clarion University

Average Loan Amount Average Loan Amount received per year.

$8,158/Year

Students Taking Out Loans

78%

Loan Default Rate

8.5%

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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