$4,119

Avg. Federal Grant

$5,024

Avg. Federal Loan

$5,608,510

Total Aid Awarded

Johnson University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$5.609M

Financial Aid Official Website

https://www.johnsonu.edu/Tennessee/Future-Students/Financial-Aid

Among them are scholarship programs such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award. It is interesting to note that, every year, around 97% of students at JU receive some kind of financial aid, while the total amount of assistance/loans provided is $3,130,611. At JU, the total percentage of applicants who receive the Federal Grant stands at 41%. On the other hand, 94% of the candidates get the Student Grant, 90% receive the Institution Grant, and 41% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,453, and the same stands at $4,814 for State Grant awardees and $3,948 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,255. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 63% of the applicants to Johnson University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

27%

Institution Grant Aid

86%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,119

State Grant Aid

$4,740

Institution Grant Aid

$3,531

Pell Grant

$3,897

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,427

$30,001 - $48,000

$9,878

$48,001 - $75,000

$7,708

$75,001 - $110,000

$4,090

Over $110,000

$2,621

Student Loans for Johnson University

Average Loan Amount Average Loan Amount received per year.

$6,167/Year

Students Taking Out Loans

63%

Loan Default Rate

5.2%

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