OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

University of Montevallo (UM) Financial Aid and Scholarships 2022

Located in Montevallo, AL, University of Montevallo is a public university. The foundation of University of Montevallo was laid down in the year 1896. University of Montevallo believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is You Belong at Montevallo and its official colors are purple and gold. In addition to over 2,236 undergraduate students, UM also boasts of over 317 students in its pos

University of Montevallo (UM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$20.337M

Financial Aid Official Website

https://www.montevallo.edu/admissions-aid/

As many as 95% of the students at UM get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,681,396 in a year. For additional information about financial assistance schemes, one can head over to UM’s financial aid page at https://www.montevallo.edu/admissions-aid/. The total percentage of candidates applying to University of Montevallo who receive the Federal Grant is 40%. Meanwhile, 90% of the applicants receive the Student Grant and 83% are awarded the Institution Grant, while 40% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,082, the State Grant receivers and Institution Grant beneficiaries get $1,200 and $10,059, respectively. And, for the Pell Grant awardees, the average aid amount is $4,927. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 53% of the applicants to University of Montevallo opt for student loans.

Minumum Credit Score	Apply in as little as	Variable APR	Fixed APR
Not Available	15 minutes or less	2.95	4.74	View disclosures
620	2 minutes	5.38%-16.99%¹	4.43%-16.99%¹	View disclosures
Not Available	15 minutes	1.13% - 11.23%¹ (with autopay)	3.50% - 12.60%¹ (with autopay)	View disclosures

Minumum Credit Score

Apply in as little as

Variable APR

Fixed APR

Not Available

15 minutes or less

2.95

4.74

View disclosures

620

2 minutes

5.38%-16.99%¹

4.43%-16.99%¹

View disclosures

Not Available

15 minutes

1.13% - 11.23%¹ (with autopay)

3.50% - 12.60%¹ (with autopay)

View disclosures

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