$5,319

Avg. Federal Grant

$5,800

Avg. Federal Loan

$35,328,998

Total Aid Awarded

Felician University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$35.329M

Financial Aid Official Website

www.felician.edu/admissions/student-financial-services

Interestingly, almost all of the students at FU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,658,795 in a year. Notably, a total of 63% of the applicants to Felician University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 63% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,507, the State Grant receivers and Institution Grant beneficiaries get $10,933 and $19,914, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,971. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Felician University, the percentage of candidates who opt to avail of student loans is around 67%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

57%

Institution Grant Aid

100%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$5,319

State Grant Aid

$10,782

Institution Grant Aid

$19,709

Pell Grant

$5,124

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$33,648

$30,001 - $48,000

$32,362

$48,001 - $75,000

$26,252

$75,001 - $110,000

$23,499

Over $110,000

$24,649

Student Loans for Felician University

Average Loan Amount Average Loan Amount received per year.

$5,986/Year

Students Taking Out Loans

73%

Loan Default Rate

10.1%

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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