$4,805

Avg. Federal Grant

$5,031

Avg. Federal Loan

$17,515,302

Total Aid Awarded

Fairmont State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$17.515M

Financial Aid Official Website

https://www.fairmontstate.edu/finaid/

Notably, 98% of the students at Fairmont State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,191,489. The total percentage of candidates applying to Fairmont State University who receive the Federal Grant is 48%. Meanwhile, 95% of the applicants receive the Student Grant and 78% are awarded the Institution Grant, while 48% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,956, the State Grant receivers and Institution Grant beneficiaries get $3,776 and $2,503, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,776. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 58% of the applicants to Fairmont State University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

64%

Institution Grant Aid

44%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,805

State Grant Aid

$3,747

Institution Grant Aid

$3,860

Pell Grant

$4,669

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,415

$30,001 - $48,000

$8,630

$48,001 - $75,000

$5,680

$75,001 - $110,000

$3,064

Over $110,000

$1,744

Student Loans for Fairmont State University

Average Loan Amount Average Loan Amount received per year.

$5,626/Year

Students Taking Out Loans

58%

Loan Default Rate

10.9%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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