$4,673

Avg. Federal Grant

$4,899

Avg. Federal Loan

$35,871,633

Total Aid Awarded

University of Southern Indiana (USI) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$35.872M

Financial Aid Official Website

www.usi.edu/financial-aid

Among them are scholarship programs such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship. It is interesting to note that, every year, around 92% of students at USI receive some kind of financial aid, while the total amount of assistance/loans provided is $21,685,177. More information regarding the financial assistance schemes can be accessed on USI’s official financial aid page at http://www.usi.edu/financial-aid. The total percentage of candidates applying to University of Southern Indiana who receive the Federal Grant is 37%. On the other hand, 84% of the candidates get the Student Grant, 63% receive the Institution Grant, and 37% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,615, the State Grant receivers and Institution Grant beneficiaries get $5,543 and $4,127, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,414. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At USI, an estimated number of 56% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

35%

Institution Grant Aid

62%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,673

State Grant Aid

$5,511

Institution Grant Aid

$3,772

Pell Grant

$4,597

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,947

$30,001 - $48,000

$9,841

$48,001 - $75,000

$5,007

$75,001 - $110,000

$1,941

Over $110,000

$1,634

Student Loans for University of Southern Indiana (USI)

Average Loan Amount Average Loan Amount received per year.

$5,722/Year

Students Taking Out Loans

58%

Loan Default Rate

5%

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#N/A

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