Friends University Financial Aid and Scholarships
Students Receiving Aid
76%
Total Aid Amount
$13.725M
Financial Aid Official Website
www.friends.edu/financial-aid
Students can avail of scholarships provided by the university, such as Albert M. Lappin Scholarship, Alumni Scholarship, Church Match Scholarship, and Davis Scholarship, if they find educational expenses to be on the higher side. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,659,487. One can visit FU's financial aid page at http://www.friends.edu/financial-aid for more information. The total percentage of candidates applying to Friends University who receive the Federal Grant is 45%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 45% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,617, and the same stands at $3,011 for State Grant awardees and $14,791 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,261. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $16,694 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $12,902, while those falling in the $48,001-$75,000 income category get $14,802 a year. Those with an annual income level of $75,001-$110,000 would receive $15,018, while candidates with more than $110,000 of family income receive an average federal aid of $13,573. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 79% of the applicants to Friends University opt for student loans.
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