$5,448

Avg. Federal Grant

$6,468

Avg. Federal Loan

$19,671,405

Total Aid Awarded

University of Pikeville (UPIKE) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$19.671M

Financial Aid Official Website

www.upike.edu/Admissions/Financial-Aid

Such schemes include Educational Foundation of the KYCPA Scholarships and Mary Jo Young Dual Credit Scholarship. It is interesting to note that almost every student at UP receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,143,398. At UP, the total percentage of applicants who receive the Federal Grant stands at 68%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 68% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,451, and the same stands at $5,727 for State Grant awardees and $8,904 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,199. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. At UP, an estimated number of 82% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

66%

State Grant Aid

76%

Institution Grant Aid

100%

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$5,448

State Grant Aid

$5,499

Institution Grant Aid

$10,290

Pell Grant

$5,105

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$20,324

$30,001 - $48,000

$19,731

$48,001 - $75,000

$16,021

$75,001 - $110,000

$15,892

Over $110,000

$12,254

Student Loans for University of Pikeville (UPIKE)

Average Loan Amount Average Loan Amount received per year.

$6,813/Year

Students Taking Out Loans

86%

Loan Default Rate

12.1%

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