$4,868

Avg. Federal Grant

$5,342

Avg. Federal Loan

$98,044,303

Total Aid Awarded

Illinois State University (ISU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$98.044M

Financial Aid Official Website

financialaid.illinoisstate.edu/

Such schemes include AMVETS Post #100 Scholarship, August & Edna Zahatko Scholarship, Community College Transfer Scholarship, and Grant Program for Descendants of Police, Fire, or Correctional Officers. As many as 89% of the students at ISU get some sort of financial aid, and the total amount of assistance/loans provided is more than $63,875,714 in a year. One can visit ISU's financial aid page at http://financialaid.illinoisstate.edu/ for more information. The total percentage of candidates applying to Illinois State University who receive the Federal Grant is 35%. In comparison, 75% of the students are awarded the Student Grant, 67% get the Institution Grant, and 35% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,068, the State Grant receivers and Institution Grant beneficiaries get $5,074 and $5,263, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,737. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At ISU, an estimated number of 62% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

34%

Institution Grant Aid

55%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,868

State Grant Aid

$4,593

Institution Grant Aid

$5,899

Pell Grant

$4,713

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,561

$30,001 - $48,000

$13,683

$48,001 - $75,000

$8,277

$75,001 - $110,000

$3,349

Over $110,000

$2,303

Student Loans for Illinois State University (ISU)

Average Loan Amount Average Loan Amount received per year.

$7,729/Year

Students Taking Out Loans

61%

Loan Default Rate

3.9%

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

Other Colleges In Illinois

#N/A

Macomb, Illinois 4 years Public

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Palatine, Illinois 2 years Public

#N/A

River Forest, Illinois 4 years Private Not-For-Profit

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Minot, North Dakota 4 years Public