University of New England (UNE) Financial Aid and Scholarships
Students Receiving Aid
53%
Total Aid Amount
$41.143M
Financial Aid Official Website
https://www.une.edu/financialaid/
Among them are scholarship programs such as Maine Difference Scholarship, Maine Metal Products Association Scholarship, Maine Public Relations Council Scholarship, and Maine State Society of Washington D.C. Scholarship. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,080,105. For additional information about financial assistance schemes, one can head over to UNE’s financial aid page at https://www.une.edu/financialaid/. At UNE, the total percentage of applicants who receive the Federal Grant stands at 26%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 26% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,987, while the same comes to $1,468 for State Grant receivers and $19,730 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,202. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $25,660 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,843, while those falling in the $48,001-$75,000 income category get $23,007 a year. On the other hand, the average federal aid stands at $15,732 for those with an annual family income between $75,001 and $110,000, and at $16,405 for an income more than $110,000. 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. At UNE, an estimated number of 96% of the applicants choose to go for student loans.
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