Samford University Financial Aid and Scholarships
Students Receiving Aid
92%
Total Aid Amount
$49.061M
Financial Aid Official Website
www.samford.edu/departments/financial-services/
It is interesting to note that almost every student at SU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,157,790. For additional information about financial assistance schemes, one can head over to SU’s financial aid page at http://www.samford.edu/departments/financial-services/. At SU, the total percentage of applicants who receive the Federal Grant stands at 12%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 12% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,597, the State Grant receivers and Institution Grant beneficiaries get $1,113 and $16,260, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,737. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $22,359 per year. The average aid amount stands at $20,638 for an annual family income between $30,001 and $48,000. This amount comes to $16,969 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 $14,861. And, for those with a family income of more than $110,000, the amount stands at $12,953. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 SU, an estimated number of 34% of the applicants choose to go for student loans.
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