University of Utah Financial Aid and Scholarships
Students Receiving Aid
58%
Total Aid Amount
$107.668M
Financial Aid Official Website
financialaid.utah.edu/
Such schemes include Alumni Association Achievement Scholarship, Alumni Association Non-Resident Scholarship for Incoming Freshmen, Alumni Legacy Scholarship, and Beehive Honor Legacy Scholarship. It is interesting to note that, every year, around 85% of students at UU receive some kind of financial aid, while the total amount of assistance/loans provided is $54,445,706. Notably, a total of 24% of the applicants to University of Utah receive the Federal Grant every year. In comparison, 76% of the students are awarded the Student Grant, 70% get the Institution Grant, and 20% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,185, and the same stands at $3,785 for State Grant awardees and $6,343 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,512. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At University of Utah, the percentage of candidates who opt to avail of student loans is around 28%.
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