Xavier University Financial Aid and Scholarships
Students Receiving Aid
92%
Total Aid Amount
$88.558M
Financial Aid Official Website
https://www.xavier.edu/financial-aid
Students can avail of scholarships provided by the university, such as Anthony Munoz Foundation Scholarship Fund, Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, and Educational Assistance Commitment Grant, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at XU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $19,189,376 in a year. More information regarding the financial assistance schemes can be accessed on XU’s official financial aid page at https://www.xavier.edu/financial-aid. Notably, a total of 16% of the applicants to Xavier University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 16% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,164, the State Grant receivers and Institution Grant beneficiaries get $2,998 and $20,985, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,686. 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 $25,483 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,313, while those falling in the $48,001-$75,000 income category get $21,593 a year. On the other hand, the average federal aid stands at $20,570 for those with an annual family income between $75,001 and $110,000, and at $18,935 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 XU, an estimated number of 66% of the applicants choose to go for student loans.
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