$5,619

Avg. Federal Grant

$5,372

Avg. Federal Loan

$153,478,298

Total Aid Awarded

Marquette University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$153.478M

Financial Aid Official Website

www.marquette.edu/mucentral/financialaid/resources-applying-aid.shtml

It is interesting to note that almost every student at MU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $24,489,451. Notably, a total of 22% of the applicants to Marquette University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 21% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,984, and the same stands at $3,339 for State Grant awardees and $21,668 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,732. 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. Candidates are also required to repay these loans within a given period. At MU, an estimated number of 49% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

12%

Institution Grant Aid

100%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$5,619

State Grant Aid

$3,178

Institution Grant Aid

$20,247

Pell Grant

$4,470

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$35,074

$30,001 - $48,000

$33,540

$48,001 - $75,000

$29,964

$75,001 - $110,000

$23,442

Over $110,000

$18,605

Student Loans for Marquette University

Average Loan Amount Average Loan Amount received per year.

$8,642/Year

Students Taking Out Loans

51%

Loan Default Rate

2%

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