Miami Regional University Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

Miami Regional University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$2.119M

Financial Aid Official Website

https://mru.edu/financial-services/

Notably, 99% of the students at Miami Regional University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,092,988. The total percentage of candidates applying to Miami Regional University who receive the Federal Grant is 60%. Meanwhile, 66% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 60% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,833, and the same stands at $536 for State Grant awardees and $1,853 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,643. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 63% of the applicants to Miami Regional University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

N/A

Institution Grant Aid

14%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$3,986

State Grant Aid

$584

Institution Grant Aid

$2,878

Pell Grant

$3,905

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with federal grants having the highest contribution of 53% with an average aid amount being $3,986.

Almost 52% of the students receive Pell Grants which add up to a normal of around $3,905.
Roughly the state awards at a normal of around $584.
14% of the students get institutional awards which add up to a normal of around $2,878.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,359

$30,001 - $48,000

$1,148

$48,001 - $75,000

$102

$75,001 - $110,000

N/A

Over $110,000

N/A

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $2,359 whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $1,148.

The student who has a family income ranging from $48,001 to $75,000 the average federal aid provided is $102 whereas the student having an annual income ranging from $75,001 to $110,000 and the student has an annual income range greater than $110,000, there is no sufficient information available for them please refer to the official website. This helps students who are coming from low-income homes to pay for their degrees.

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