OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Clarks Summit University Financial Aid and Scholarships 2022

Clarks Summit University, which is located in South Abington Township, Pennsylvania is a private, Baptist university. Clarks Summit University is home to an ethnically diverse student body. At CSU around 81% are white, 7% are Black or African American, and 6% belong to Hispanic ethnicity. Further, around 77% of the students are 24 and under. When it comes to gender distribution at the varsity, around 50% of the students are females and 50% are males. For any university, alumni play a significant

$3,602

Avg. Federal Grant

$7,477

Avg. Federal Loan

$5,505,664

Total Aid Awarded

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Clarks Summit University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$5.506M

Financial Aid Official Website

https://www.clarkssummitu.edu/current-students/financial-services/

It is interesting to note that almost every student at CSU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,559,348. At CSU, the total percentage of applicants who receive the Federal Grant stands at 56%. Meanwhile, 100% of the applicants receive the Student Grant and 94% are awarded the Institution Grant, while 56% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,157, and the same stands at $3,739 for State Grant awardees and $12,712 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,654. 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. 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. Candidates are also required to repay these loans within a given period. At Clarks Summit University, the percentage of candidates who opt to avail of student loans is around 63%.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

23%

Institution Grant Aid

91%

Pell Grant

68%

Average Aid Awarded

Federal Grant Aid

$3,602

State Grant Aid

$3,797

Institution Grant Aid

$10,686

Pell Grant

$2,494

It is clear that you receive your funds in the form of scholarships, grants, and loans. But the real question is how and where do you get it from? The following information will help you get the answer to that confusion.

Total applicants receiving federal grant aid are around 68% which amounts to $3,602.
State grants and Institutional grants amount to $3,797 and $10,686 The total percentage of students receiving aid is 23% and 91%.

Subsidy the US federal government provides to help students pay for their education - Pell Grants amounts to $2,494.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,000

$30,001 - $48,000

$10,000

$48,001 - $75,000

$10,000

$75,001 - $110,000

$10,000

Over $110,000

$7,143

So here is the total financial assistance that you’ll be eligible for based on your family’s income. The family income under $30,000 per annum would get around $10,000 as financial aid. In the same way those with $30,001 - $48,000 and $48,001 to $75,000 would get $10,000 and $10,000 respectively. While those who hold the income level of $75,001 - $110,000 and $110,000+ would receive $10,000 and $7,143.

Student Loans for Clarks Summit University

Average Loan Amount Average Loan Amount received per year.

$9,422/Year

Students Taking Out Loans

70%

Loan Default Rate

6.4%

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The average loan amount that an applicant receives for enrolling in a CSU is $9,422 where the total number of students taking loan stands at 70%.

So, the percentage of all outstanding loans that a lender has written off after a prolonged period of missed payment is 6.4%.

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