Corban University Financial Aid and Scholarships
Students Receiving Aid
93%
Total Aid Amount
$26.605M
Financial Aid Official Website
https://inside.corban.edu/financial-aid
It is interesting to note that almost every student at CU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,137,172. For additional information about financial assistance schemes, one can head over to CU’s financial aid page at https://inside.corban.edu/financial-aid. Notably, a total of 44% of the applicants to Corban University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 38% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,062, and the same stands at $2,178 for State Grant awardees and $20,819 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,305. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $21,413 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $23,630, while those falling in the $48,001-$75,000 income category get $20,558 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $17,300. And, for those with a family income of more than $110,000, the amount stands at $14,841. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At CU, an estimated number of 70% of the applicants choose to go for student loans.
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