Multnomah University Financial Aid and Scholarships
Students Receiving Aid
86%
Total Aid Amount
$3.742M
Financial Aid Official Website
https://www.multnomah.edu/admissions/tuition-financial-aid/
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 $1,846,794 in a year. More information regarding the financial assistance schemes can be accessed on MU’s official financial aid page at https://www.multnomah.edu/admissions/tuition-financial-aid/. At MU, the total percentage of applicants who receive the Federal Grant stands at 47%. On the other hand, 97% of the candidates get the Student Grant, 97% receive the Institution Grant, and 45% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,441, while the same comes to $2,857 for State Grant receivers and $8,988 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,232. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $15,582 in a year. The average aid amount stands at $13,124 for an annual family income between $30,001 and $48,000. This amount comes to $12,473 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $10,672. And, for those with a family income of more than $110,000, the amount stands at $10,264. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At MU, an estimated number of 70% of the applicants choose to go for student loans.
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