Find the Answers to the Following Questions About Financial Aid

  • What's the average financial aid offered to students?
  • How much of that financial aid is scholarships and grants (free money)?
  • What's the average amount of loans each student takes out?

You May be Able to Go to College Here Even if You Can’t Afford It (And Who Can Afford It?)

Full Sail University's average financial aid package for incoming freshmen is $15,293. Approximately 90.0% of incoming students receive some form of financial assistance, the majority of which is in the form of loans.

How Much Financial Aid Can You Expect? This School Offers an Average of $5,187 to Freshmen

These scholarships and grants are primarily provided by the college itself. In fact, 1,166 incoming freshmen were awarded scholarships at Full Sail University, averaging $3,016. This ranks in the bottom 40th percentile of all colleges nationwide.

In addition to scholarships, 3,185 students were awarded federal grant aid, averaging $4,604 each.

The chart below shows the average amount of scholarship and grant aid distributed to all freshmen.

The table below shows grant and scholarship distributions by income level for freshman students receiving any form of federally-funded Title IV assistance, including Federal PLUS loans.

Income LevelPercent of Freshman StudentsAverage Assistance
Income 0-30k60.2%$5,368
Income 30k-48k11.9%$4,968
Income 48k-75k8.2%$3,200
Income 75k-110k5.9%$2,034
Income 110k +6.2%$2,417

Freshmen At This School Take Out an Average of $10,106 in Loans in Their First Year

At Full Sail University, 90.0% of incoming students take out a loan to help defray freshman year costs, averaging $10,106. This amount includes both private and federally-funded student loans. The average federal loan is $8,347, 151.8% of the first-year borrowing cap of $5,500 for the typical first-year dependent student. (Independent students and those with parents who do not qualify for PLUS loans have higher borrowing caps.)

The Average Loan Amount for All Undergrads at This School is $9,169 Per Year. This Could Grow to $36,676After 4 Years

81.0% of all undergraduate students at Full Sail University utilize federal student loans to help pay for their college education, averaging $9,169 per year. This amount is 9.8% higher than the $8,347 amount borrowed by freshmen, indicating an increasing gap between available funds and college costs, and an increasing reliance on student loans.

Should you borrow at the average loan rate each year, over the course of two years you will have borrowed $18,338 over four year $36,676.

Were you surprised by how much you will have borrowed by the time you graduate? These numbers are based on borrowing the same amount each year, but what if you borrow more? These numbers also do not include any loans where the 'parent' is the borrower, even though Parent PLUS loans are frequently included in financial aid packages.

Financial Aid Information at Full Sail University

Financial Aid Department Websitewww.fullsail.edu/admissions/financial-aid
Net Price Calculatorfullsail.studentaidcalculator.com/welcome.aspx

Questions to Consider

  • Did you know financial aid packages can be negotiated? Financial aid is based on need, but you may be able to demonstrate a greater financial need than the one that has been calculated for you.
  • Is that a loan or a grant? Colleges include loans in their financial aid packages to students, even though they have to be paid back. Make sure you know how much of your financial "aid" is free money, and how much is debt.
  • In addition to the FAFSA, are there any other applications you must fill out in order to be considered for financial aid from this college?
  • Will your financial aid package vary from year to year? Are there any requirements that have to be maintained in order to qualify for scholarships, merit awards or talent awards year-to-year?

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