$6,377

Avg. Federal Grant

$5,484

Avg. Federal Loan

$63,092,696

Total Aid Awarded

DePauw University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$63.093M

Financial Aid Official Website

www.depauw.edu/admission/financial-aid/

As many as 99% of the students at DU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,687,884 in a year. More information regarding the financial assistance schemes can be accessed on DU’s official financial aid page at http://www.depauw.edu/admission/financial-aid/. The total percentage of candidates applying to DePauw University who receive the Federal Grant is 43%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 22% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $2,604, and the same stands at $6,166 for State Grant awardees and $33,618 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,468. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $43,780 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $46,318, while those falling in the $48,001-$75,000 income category get $42,832 a year. Those with an annual income level of $75,001-$110,000 would receive $36,778, while candidates with more than $110,000 of family income receive an average federal aid of $30,214. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 DU, an estimated number of 37% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

23%

State Grant Aid

10%

Institution Grant Aid

99%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$6,377

State Grant Aid

$7,421

Institution Grant Aid

$31,168

Pell Grant

$4,497

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$48,976

$30,001 - $48,000

$46,078

$48,001 - $75,000

$43,959

$75,001 - $110,000

$37,930

Over $110,000

$29,494

Student Loans for DePauw University

Average Loan Amount Average Loan Amount received per year.

$5,498/Year

Students Taking Out Loans

45%

Loan Default Rate

2%

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