Pfeiffer University Financial Aid and Scholarships
Students Receiving Aid
84%
Total Aid Amount
$14.677M
Financial Aid Official Website
www.pfeiffer.edu/admissions/financial-aid
Among them are scholarship programs such as Community College Transfer Scholarship, Freshmen Academic Scholarships, North Carolina Student Incentive Grant, and Transfer Academic Scholarships. Notably, 99% of the students at Pfeiffer University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,447,060. More information regarding the financial assistance schemes can be accessed on PU’s official financial aid page at http://www.pfeiffer.edu/admissions/financial-aid. The total percentage of candidates applying to Pfeiffer University who receive the Federal Grant is 57%. Meanwhile, 99% of the applicants receive the Student Grant and 87% are awarded the Institution Grant, while 57% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,192, and the same stands at $5,344 for State Grant awardees and $16,349 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,586. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $22,769 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $21,757, while those falling in the $48,001-$75,000 income category get $11,636 a year. On the other hand, the average federal aid stands at $14,670 for those with an annual family income between $75,001 and $110,000, and at $13,993 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 75% of the applicants to Pfeiffer University opt for student loans.
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