Pacific University Financial Aid and Scholarships
Students Receiving Aid
91%
Total Aid Amount
$43.751M
Financial Aid Official Website
https://www.pacificu.edu/financial-aid-scholarships
Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,964,270. More information regarding the financial assistance schemes can be accessed on PU’s official financial aid page at https://www.pacificu.edu/financial-aid-scholarships. Notably, a total of 31% of the applicants to Pacific University receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 30% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,183, while the same comes to $3,282 for State Grant receivers and $28,121 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,666. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $33,652 in a year. The average aid amount stands at $32,862 for an annual family income between $30,001 and $48,000. This amount comes to $28,135 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $25,715, while candidates with more than $110,000 of family income receive an average federal aid of $20,815. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 95% of the applicants to Pacific University opt for student loans.
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