Spalding University Financial Aid and Scholarships
Students Receiving Aid
82%
Total Aid Amount
$21.095M
Financial Aid Official Website
https://spalding.edu/financial-aid
Among them are scholarship programs such as Angelica Garcia Award, Caritas Award, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students. As many as 99% of the students at SU get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,049,637 in a year. More information regarding the financial assistance schemes can be accessed on SU’s official financial aid page at https://spalding.edu/financial-aid. The total percentage of candidates applying to Spalding University who receive the Federal Grant is 51%. On the other hand, 99% of the candidates get the Student Grant, 97% receive the Institution Grant, and 51% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,448, the State Grant receivers and Institution Grant beneficiaries get $4,842 and $8,425, respectively. And, for the Pell Grant awardees, the average aid amount is $4,476. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $13,607 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $13,455 and $12,258, respectively. Those with an annual income level of $75,001-$110,000 would receive $9,611, while candidates with more than $110,000 of family income receive an average federal aid of $8,097. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Spalding University, the percentage of candidates who opt to avail of student loans is around 72%.
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