OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

ECPI University Financial Aid and Scholarships 2022

ECPI University has a current population of over 13,487 students and a student-faculty ratio of 11:1. This implies that its students get a much better opportunity to interact with the faculty. The acceptance rate at ECPI University is 72%. The university provides several types of degrees across various program levels.

The various program levels offered at the university are Masters, Bachelor of Science, Associate of Sci

$5,474

Avg. Federal Grant

$8,823

Avg. Federal Loan

$44,004,651

Total Aid Awarded

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ECPI University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$44.005M

Financial Aid Official Website

www.ecpi.edu/financial-assistance

ECPI University is authorized by the accrediting authorities as well as the Department of Education to provide the required financial assistance to the students who require financial aid as well as who excel in various fields. There are many options provided by ECPI to help you and your families pay for the education. Almost 65% of the students receive financial aid every year with the aid amount reaching $44,004,651.

To apply for federal aids, the students are required to fill FAFSA form.

Scholarships

Scholarships are provided to the students based on merit or they can also be need based. Scholarships play a vital role in rewarding the students for their academic excellence or in any other field. ECPI University offers a variety of scholarships and these are funds that do not have to be paid back. Each scholarship has its own eligibility criteria which are explained below for your perusal.

Graduation Scholarship Fund: Each student who enrolls for a program other than a master’s program is automatically enrolled for the Graduation Scholarship fund. A full time student who attends at least 85% of the classes is eligible for a scholarship fund of $2,500.

ECPI University Business Partnership Program: The university has tie ups with various businesses to provide tuition assistance to their employees. You can contact the admissions office to know if your employer participates.
Career Advancement Bookstore Award: The university offers a scholarship to the students who enhance their degree by earning extra relevant courses during the time of their program. A $100 gift card is given to the students who earn a certificate during their time at the University.

Grants

Each program has a different eligibility criteria before you can be considered for any kind of grant provided by the federal government, the state or the college itself in the form of institutional grants. It could be based on the EFC, cost of attendance or enrollment status(full time or part time).

Federal Pell Grants: The Federal Pell Grants are provided to eligible students to help unburden some of the costs of attending the college. The eligibility is based on financial need as determined by the Department of Education, you being an U.S. citizen and maintaining satisfactory academic progress.
Supplemental Educational Opportunity Grants (SEOG): Pell grant recipients with the lowest EFCs will be considered first for an SEOG and this grant is awarded to the students who show exceptional financial need. They do not have to be repaid like the pell grants.

Explore College Scholarships

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

Institution Grant Aid

33%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$5,474

State Grant Aid

$11,379

Institution Grant Aid

$4,113

Pell Grant

$5,408

ECPI University financial aid is one of its most important sections and highlights its vision of imparting education to deserving students irrespective of their financial backgrounds.

The average amount of student loans tends to be around $9,161 which is applied by 69% candidates. The default rate for these student loans are 13.7%.
The Federal Grant is availed by 72% students and turns out to be of an average amount of $5,474.
The Pell Grants also serve almost 71% students and on an average the amount is near about $5,408.
An average of $11,379 is given as State Grants to only a minority of 2% of the candidates.
Institutional Grants are received by 33% students up to an amount of $4,113.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,992

$30,001 - $48,000

$4,690

$48,001 - $75,000

$2,810

$75,001 - $110,000

N/A

Over $110,000

N/A

We have further segregated the amount of financial aid received by each family income bracket in order to clear any of your ambiguities if there are any, regarding the estimations.

If you fall under a family income category under $30,000 then you might receive a basic amount of $4,992 as financial aid. A family income category ranging from $30,001 - $48,000 can expect the same amount to go down to $4,690. It has also been noted that for a family with an income range between $48,001 to $75,000 the expected financial aid would be close to $2,810. For some more information on financial aid, you may visit this link .

Student Loans for ECPI University

Average Loan Amount Average Loan Amount received per year.

$9,161/Year

Students Taking Out Loans

69%

Loan Default Rate

13.7%

Explore Tuition & Cost Breakdown Explore Best Student Loans

Unlike the previously mentioned aids, student loans are self-help aids, which means you will have to either earn or pay back the aids that you receive through this kind of aid. ECPI University student loans are provided by both federal and private sources. Let’s look at some of the options:

Federal Direct Subsidized Loan
Federal Direct Unsubsidized Loan
Federal Direct Parent PLUS Loan
Federal Direct Graduate PLUS Loan
Alternate loans (private loans)

To know more about the loan option, click here.

Minumum Credit Score	Apply in as little as	Variable APR	Fixed APR
Not Available	15 minutes or less	2.95	4.74	View disclosures
620	2 minutes	5.38%-16.99%¹	4.43%-16.99%¹	View disclosures
Not Available	15 minutes	1.13% - 11.23%¹ (with autopay)	3.50% - 12.60%¹ (with autopay)	View disclosures

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