$4,536

Avg. Federal Grant

$5,377

Avg. Federal Loan

$20,007,673

Total Aid Awarded

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Edinboro University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$20.008M

Financial Aid Official Website

www.edinboro.edu/directory/offices-services/financial-aid/

If you are finding it difficult to manage your finances for the university, Edinboro University also provides federal aid, loans, grants, scholarships and student jobs that can make it more affordable and accessible to students. Graduate students can reduce tuition and other costs with assistantships and fellowships, as well as grants outside Edinboro University. The total Edinboro University financial aid provided is approximately $20,007,673 with about 71% of the student body receiving the aids.

Let's look at some of the gift aid options that are available to the Edinboro University students.

Scholarships

Scholarships are part of gift aids, which means these are aids that do not require the students to give back the aids that they receive. These are merit-based financial aid options. Some of the institutional scholarships that the university provides are:

  • Alumni Departmental Scholarship/Art
  • Kevin F. “Rocky” Burkhardt Scholarship
  • Alumni Departmental Scholarship Accounting-Business Administration
  • Harrington-Hoffman Scholarship

To know more about such scholarships, you can click here.

Grants

Grants are gift aids that are need-based and are awarded to students who are in need of money to complete their degrees. There are multiple federal and state aid options that Edinboro University provides.

  • Federal Pell Grant: This is a federal grant which is awarded to students who are in need of finances and is awarded to students who do not hold an undergraduate or graduate degrees from before.
  • Federal Supplemental Educational Opportunity Grant (FSEOG): Another of the federal grants, this is awarded to students who are in absolute dire need of finances and are already receiving Federal Pell Grant.
  • PHEAA Grant: This is a state grant by Pennsylvania that is awarded to students of Edinboro University and are residents of Pennsylvania. This is a need-based grant too.

To know more about such grants, you can click here.

Explore College Scholarships

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

46%

Institution Grant Aid

27%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,536

State Grant Aid

$3,143

Institution Grant Aid

$4,392

Pell Grant

$4,354

This is a detailed breakdown of percentages and amount of financial aids that the students get on an average. These are for the applicants to have an idea of financial aid options that they would want to opt for.

  • Approximately 44% of the students get Federal Grant Aid, which comes to around $4,536.
  • The same percentage of students receive the Pell Grant aid, which is 44% of the student population. The amount comes up to $4,354.
  • 46% of the students are entitled to State Grant Aid, the amount for which is somewhere around $3,143.
  • The least amount of aids comes from the institution as 27% of students receive it. The amount for this aid is around $4,392.
  • A staggering 78% of the students take a loan at the default rate of 9.4%, the amount for which is $7,831 approximately.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,244

$30,001 - $48,000

$8,007

$48,001 - $75,000

$5,509

$75,001 - $110,000

$1,881

Over $110,000

$1,138

Federal aid is awarded to students based on their financial needs, as we have discussed earlier. Keeping that in mind, here is a breakdown of the amounts that students from different income groups can expect. In the income group of $0-$30,000, students can expect aids of approximately $9,244. For the next scale, which is $30,001-$48,000, the students receive grants of $8,007 on an average. Unfortunately, however, as the scales keep increasing, the grants keep decreasing quite a bit. The next scale, which is $48,001-$75,001, students can expect grants of about $5,509. The higher the scale, the drastic the difference. This can be noticed as the scale of $75,001-$110,000, the grant only covers $1,881, and the last cap which is anything above $110,000, the grant comes up to only $1,138.

Student Loans for Edinboro University

Average Loan Amount Average Loan Amount received per year.

$7,831/Year

Students Taking Out Loans

78%

Loan Default Rate

9%

Explore Tuition & Cost Breakdown Explore Best Student Loans

Student loans, unlike grants and scholarships, are self-help aids. These are financial aid options where the student is required to pay back the amounts that they decide to borrow from different scourses. These generally come with interest rates where the students not only return the amount that they borrowed but also the extra amount that the interest rates yield. There are multiple places that the students can borrow money from, however, it is advisable to first try federal loan options, some of which are listed below:

  • Federal Direct Stafford loans: These are low interest loans, and are either subsidized or unsubsidized. Subsidized loans are given on the basis os students' financial needs, and the unsubsidized loans are given based on interest, and is not need-based
  • Federal Direct PLUS Loan: This is for dependent undergraduate and graduate students whose parents can use the loan to pay for education expenses.

To know more about such student loan options, click here.

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