Janice Lozano
Samford University offers financial aid to its students, including federal and institutional aid. The university provides financial assistance and resources for graduate and undergraduate students. Samford University's financial aid includes scholarships, grants, loans, and work-study programs. The university also offers payment plans and student employment opportunities. While the exact number of students receiving financial aid is not publicly available, it is known that 98% of new students at Samford University received scholarships, and 11% of first-year students received federal grant aid. The university is dedicated to making education affordable and accessible for its students.
| Characteristics | Values |
|---|---|
| Percentage of first-year students receiving need-based financial aid | 46% |
| Average need-based scholarship or grant awarded to first-year students | $21,368 |
| Average need-based self-help aid awarded to first-year students | $5,174 |
| Average non-need-based scholarship or grant awarded to first-year students | $19,199 |
| Percentage of financial need met by Samford University | 75% |
| Median federal loan debt among borrowers who completed their undergraduate degree | $19,500 |
| Median monthly federal loan payment | $207 |
| Percentage of graduating students who took out private loans | 3% |
| Average private loan debt at graduation | $44,445 |
| Percentage of new students receiving scholarships | 98% |
| Average scholarship amount | $17,520 |
| Percentage of first-year students receiving federal grant aid | 11% |
| Average federal grant aid amount | $5,884 |
| Typical first-year financial aid package | $18,312 |
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What You'll Learn
Samford University's financial aid statistics
Samford University offers a variety of financial aid options to its students. The university is dedicated to making education affordable for students through a range of need-based options. Samford University provides financial assistance and resources for graduate and undergraduate students during the academic year. The university offers payment plans and student employment opportunities. Additionally, the federal government and private education lenders offer long-term loans to students.
According to statistics, 100% of first-year students at Samford University receive financial aid, primarily in the form of grants and scholarships. The average first-year financial aid package is $18,312, with 98% of new students receiving scholarships worth an average of $17,520 per student. Samford University is in the top 25th percentile among colleges and universities nationwide for scholarship awards. Furthermore, 11% of first-year students receive federal grant aid, with an average award of $5,884 per person.
In terms of need-based aid, 46% of first-year students at Samford University received this type of financial aid in the fall of 2022. The average need-based scholarship or grant awarded to first-year students was $21,368. Need-based self-help aid, which includes federal loans and work-study programs, had an average award of $5,174. Samford University met 75% of its students' financial aid needs.
The university also offers merit-based aid, also known as non-need-based aid, which is awarded for specific talents or academic achievements. The average non-need-based scholarship or grant for first-year students was $19,199, excluding any athletic scholarships. For graduate students, Samford University provides additional financial aid options, including Federal Direct Unsubsidized Loans and Grad PLUS Loans. These loans are available to students enrolled in the School of Public Health, Education, Business, and Divinity.
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Federal, state, and scholarship aid requirements
Samford University is committed to making education affordable for students through a variety of need-based options. The amount of financial assistance and scholarships or grants you can get varies based on your circumstances.
Federal Aid Requirements
To be eligible for Federal Direct Unsubsidized Loans and Grad PLUS Loans, students must complete the Free Application for Federal Student Aid (FAFSA). A $20,500 annual maximum limit is enforced for Federal Direct Unsubsidized Loans. Grad PLUS Loans are limited only by other aid already received, credit decisions, and the total annual financial aid maximum. The FAFSA must be submitted by February 15, and aid will be awarded on an as-available basis after this date.
State Aid Requirements
Samford University offers need-based institutional grants to students who demonstrate financial need. The awarded amount is typically based on the student's family's financial standing and is intended to cover the difference between the cost of attendance and the family's ability to contribute. Samford University also offers payment plans and student employment opportunities to help finance your education.
Scholarship Aid Requirements
Samford University offers several scholarship opportunities to its students. The Marion Scholarship, for example, has an average award of $13,000 and is given to students with a minimum high school GPA of 3.0 who have been fully admitted to Samford. The Marvin Mann Academic Excellence Scholarship is another scholarship offered to National Merit Finalists, with an annual award of up to $10,000. The University Grant is another need-based scholarship awarded based on the results of the FAFSA and demonstrated financial need.
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Types of financial aid available
Samford University offers financial aid to its students to make education affordable. The university provides financial assistance and resources for graduate and undergraduate students during the academic year. The university offers a number of financial aid options for qualifying graduate students. The amount of financial aid awarded to a student depends on the program in which they are enrolled.
Samford University offers a variety of need-based options to its students. The university offers payment plans and student employment, while the federal government and private education lenders offer long-term loans in the name of the student, the student and a co-signer, or a parent. The university also provides scholarships, grants, and loans to its students.
To be eligible for federal aid, students must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is used to determine eligibility for Federal Direct Unsubsidized and Grad PLUS Loans. Students can also be eligible for scholarships, grants, and loan programs specific to the school they attend. For example, students enrolled in the School of Public Health can utilize Direct Unsubsidized Loans and Direct Grad PLUS Loans. A FAFSA is required each year to receive either of these loans. A $20,500 annual maximum limit is allowed for Direct Unsubsidized Loans. The School of Public Health also offers certificate-only programs that are not eligible for federal aid, but expenses can be covered by private loans or institutional scholarships.
Education students can also utilize Federal Direct Unsubsidized Loans and Grad PLUS Loans. A FAFSA is required to receive these loans, with a $20,500 annual maximum limit for Federal Direct Unsubsidized Loans. The education school also offers certificate-only programs that are eligible for federal aid at a reduced rate. The School of Health Professions may offer merit/need-based assistance to students who apply.
Business students can also utilize Federal Direct Unsubsidized Loans and Grad PLUS Loans, with a $20,500 annual maximum limit for Federal Direct Unsubsidized Loans. The Beeson Divinity School offers significant merit/need-based assistance to students. Divinity students can also utilize Federal Direct Unsubsidized Loans and Grad PLUS Loans.
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How to apply for financial aid
Samford University is committed to making education affordable for students through a variety of need-based options. The university offers payment plans and student employment, while the federal government and private education lenders offer long-term loans.
To apply for financial aid at Samford University, follow the steps outlined below:
Step 1: Understand the Types of Financial Aid Available
Samford University offers several types of financial aid, including need-based aid and merit-based scholarships. Need-based aid is determined by a student's financial need, while merit-based scholarships are awarded based on academic, athletic, or other achievements.
Step 2: Complete the Free Application for Federal Student Aid (FAFSA)
To be considered for financial aid at Samford University, students must complete the FAFSA. The FAFSA is used to determine eligibility for federal and state grants, loans, and work-study programs. It is recommended to submit the FAFSA by February 15 to maximize eligibility for financial aid. Students can submit the FAFSA online at fafsa.ed.gov.
Step 3: Complete the CSS Profile
In addition to the FAFSA, Samford University also requires students to complete the CSS Profile. The CSS Profile is a more detailed financial aid application that collects information about a student's family finances to determine eligibility for need-based aid. It is recommended to add Samford University (code 1302) to the CSS Profile to ensure that the university receives the application for need-based consideration.
Step 4: Explore School-Specific Aid Opportunities
Different schools within Samford University may offer their own scholarships, grants, and loan programs. For example, the Brock School of Business and the Beeson Divinity School provide merit and need-based assistance to students who apply. Check with the specific school or department to learn about additional financial aid opportunities.
Step 5: Contact the Financial Aid Office
If you have any questions or concerns about the financial aid application process, don't hesitate to contact the Samford University Financial Aid Office. Your dedicated admission counsellor can provide support and guidance throughout the process. They can also help you understand the different types of aid available and ensure you are on the right path to receiving the financial assistance you need.
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Amount of financial aid received by students
Samford University offers a variety of financial aid options for its students, including scholarships, grants, loans, and work-study programs. The amount of financial aid received by students can vary depending on their circumstances and the type of aid.
For first-year students, the average need-based scholarship or grant was $21,368, with 46% of first-year students receiving this type of aid in the fall of 2022. The average need-based self-help aid, which includes federal loans and work-study, was $5,174. Merit-based or non-need-based aid, awarded for specific talents or academic achievements, averaged $19,199 for first-year students. Additionally, 11% of first-year students received federal grant aid, averaging $5,884 per person.
Samford University also offers institutional scholarships and grants, which are a vital source of financial support. 98% of new students received scholarships, with an average amount of $17,520 per student. This places Samford University in the top 25th percentile among colleges and universities nationwide.
The university also provides payment plans and student employment opportunities. Additionally, students can apply for long-term loans from the federal government or private education lenders.
While Samford University has a higher percentage of students receiving financial aid compared to other private not-for-profit schools, the amount of aid received by students is lower than the average. This suggests that it may be easier to qualify for financial aid at Samford University, but the monetary value of the aid may be smaller compared to other institutions.
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Frequently asked questions
100% of first-year students at Samford University are awarded financial aid.
Students at Samford University receive a mix of scholarships, grants, loans, and work-study.
The average need-based scholarship or grant awarded to first-year students at Samford University was $21,368. The average non-need-based scholarship or grant was $19,199.
Samford University determines eligibility for financial aid based on a student's or family's demonstrated ability to pay for college. The university offers a range of need-based options, and students must submit the Free Application for Federal Student Aid (FAFSA) to be considered for need-based aid.
Students must complete and submit the Free Application for Federal Student Aid (FAFSA) by February 15. Final aid notifications are sent in early March. Samford University also requires students to demonstrate Satisfactory Academic Progress (SAP) to maintain eligibility for federal, state, and outside scholarship aid.
