University of Evansville Financial Aid and Scholarships
Students Receiving Aid
82%
Total Aid Amount
$48.828M
Financial Aid Official Website
www.evansville.edu/tuitionandaid/
Students can avail of scholarships provided by the university, such as Academic Scholarship, Academic Scholarship for National Merit Semi-Finalist/Finalist, Alice Ann Garner Scholarship, and American Corporate Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at UE receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,624,921. More information regarding the financial assistance schemes can be accessed on UE’s official financial aid page at http://www.evansville.edu/tuitionandaid/. Notably, a total of 29% of the applicants to University of Evansville receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 28% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,199, and the same stands at $6,870 for State Grant awardees and $24,976 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,500. 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 $33,249 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $31,804 and $26,964, respectively. Those with an annual income level of $75,001-$110,000 would receive $21,924, while candidates with more than $110,000 of family income receive an average federal aid of $21,982. 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. Every year, around 56% of the applicants to University of Evansville opt for student loans.
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