Simpson University Financial Aid and Scholarships
Students Receiving Aid
89%
Total Aid Amount
$9.356M
Financial Aid Official Website
www.simpsonu.edu/sfs
Among them are scholarship programs such as ASTA Northern California Chapter - Richard Epping Scholarship, AWA Scholarship Awards, CCNMA Scholarship, and Cal Grant A. 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 $3,494,721. One can visit SU's financial aid page at http://www.simpsonu.edu/sfs for more information. The total percentage of candidates applying to Simpson University who receive the Federal Grant is 38%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 38% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,902, the State Grant receivers and Institution Grant beneficiaries get $7,466 and $17,641, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,669. 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 $13,802 in a year. The average aid amount stands at $18,809 for an annual family income between $30,001 and $48,000. This amount comes to $12,205 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $11,058 for those with an annual family income between $75,001 and $110,000, and at $5,961 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 65% of the applicants to Simpson University opt for student loans.
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