University of California, Irvine (UCI) Financial Aid and Scholarships
Students Receiving Aid
65%
Total Aid Amount
$357.261M
Financial Aid Official Website
www.ofas.uci.edu/
Notably, 63% of the students at University of California-Irvine get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $53,992,454. More information regarding the financial assistance schemes can be accessed on UCI’s official financial aid page at http://www.ofas.uci.edu/. The total percentage of candidates applying to University of California-Irvine who receive the Federal Grant is 34%. Meanwhile, 57% of the applicants receive the Student Grant and 45% are awarded the Institution Grant, while 34% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,150, while the same comes to $11,201 for State Grant receivers and $8,364 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,940. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $21,770 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $20,494, while those falling in the $48,001-$75,000 income category get $17,122 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $9,401. And, for those with a family income of more than $110,000, the amount stands at $2,710. 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 33% of the applicants to University of California-Irvine opt for student loans.
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