$5,085

Avg. Federal Grant

$4,532

Avg. Federal Loan

$140,600,653

Total Aid Awarded

University of California-Merced Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$140.601M

Financial Aid Official Website

financialaid.ucmerced.edu

Notably, 93% of the students at University of California-Merced get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $19,516,532. The total percentage of candidates applying to University of California-Merced who receive the Federal Grant is 64%. On the other hand, 90% of the candidates get the Student Grant, 80% receive the Institution Grant, and 64% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,231, and the same stands at $11,142 for State Grant awardees and $10,817 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,122. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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 52% of the applicants to University of California-Merced opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

81%

Institution Grant Aid

81%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$5,085

State Grant Aid

$11,284

Institution Grant Aid

$12,229

Pell Grant

$4,980

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,474

$30,001 - $48,000

$24,011

$48,001 - $75,000

$20,626

$75,001 - $110,000

$15,457

Over $110,000

$6,176

Student Loans for University of California-Merced

Average Loan Amount Average Loan Amount received per year.

$4,673/Year

Students Taking Out Loans

53%

Loan Default Rate

2.9%

Other Colleges In California

Harvey Mudd College is a private university located in Claremont, CA. Harvey Mudd College occupies a total area of about 38 acres. In 1955, Harvey Mudd College was founded. Notably, the official colors of the university are black, gold. Across all the courses offered at Harvey Mudd College, the e

Claremont, California 4 years Private Not-For-Profit

#N/A

Redlands, California 4 years Private Not-For-Profit

The various campuses of West Coast University are located in Los Angeles, Anaheim, Ontario; California, Dalla; Texas, and Miami; Florida. The university is healthcare imparting educational university which strives for the advancement of healthcare in the world. The university offers a range of he

North Hollywood, California 4 years Private For-Profit

Other Colleges In Merced

Sierra College of Beauty is a private university located in Merced, California. Taking into account all the courses offered at Sierra College of Beauty, the total enrolment stands at 138. The school has a total of 10 academic staff. These faculty teach different courses to the students. Speaking

Merced, California -2 years Private For-Profit

#N/A

Merced, California 2 years Public

Other Public Colleges

University of California-Irvine is a public university located in Irvine, CA. The university covers an area of 1,527 acres. The University of California-Irvine is part of the University of California group. University of California-Irvine was founded in the year 1965. The motto of the University of

Irvine, California 4 years Public


Online Education at GCCAZ

Distance education provides opportunities for remote area students as well as international students to attain lifelong education without facing any problems. The college has 100% online education for international students and hybrid system which is th

Glendale, Arizona 2 years Public

The combination of rich history, scenic campus, being a part of Abraham Lincoln’s land-grant experiment and the Cyclone experiment which is aimed at creating an inventive and progressive spirit is what makes the university unique. The retention rate of the ISU is 88% for full-time students

Ames, Iowa 4 years Public