Marywood University Financial Aid and Scholarships
Students Receiving Aid
90%
Total Aid Amount
$35.738M
Financial Aid Official Website
www.marywood.edu/fin_aid/
Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Joseph P. Gavenonis Scholarship, and Ohio College Opportunity Grant. Interestingly, almost all of the students at MU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $11,056,592 in a year. More information regarding the financial assistance schemes can be accessed on MU’s official financial aid page at http://www.marywood.edu/fin_aid/. At MU, the total percentage of applicants who receive the Federal Grant stands at 35%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 35% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,207, and the same stands at $3,612 for State Grant awardees and $20,705 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,401. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $24,310 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $26,183, while those falling in the $48,001-$75,000 income category get $24,728 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $23,069. And, for those with a family income of more than $110,000, the amount stands at $19,318. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 71% of the applicants to Marywood University opt for student loans.
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