Shaw University Financial Aid and Scholarships
Students Receiving Aid
96%
Total Aid Amount
$16.341M
Financial Aid Official Website
www.shawu.edu/Admissions/Financial_Aid.aspx
Among them are scholarship programs such as North Carolina Student Incentive Grant and Triangle Scholarship Program. Notably, 99% of the students at Shaw University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,488,190. At SU, the total percentage of applicants who receive the Federal Grant stands at 83%. In comparison, 96% of the students are awarded the Student Grant, 58% get the Institution Grant, and 83% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,242, and the same stands at $4,578 for State Grant awardees and $4,999 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,047. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At SU, an estimated number of 91% of the applicants choose to go for student loans.