For the academic year 2022-2023, total 1,860 full-time, first-time students (99% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 10,345 students (91% of all students) received grants or scholarships and the average grant amount is $9,868. In addition, 7,921 students received student loans and the average loan amount is $7,185.
Below tables show the number and amount by source of financial aid at Central Michigan University.
For all undergraduate students, total 10,345 students (91% of all students) received grants or scholarships and the average grant amount is $9,868. In addition, 7,921 students received student loans and the average loan amount is $7,185.
Below tables show the number and amount by source of financial aid at Central Michigan University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 10,345 | 91% | $9,868 |
| Pell Grants | 3,534 | 31% | $4,652 |
| Federal Student Loans | 7,921 | 69% | $7,185 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 1,860 | 99% | - |
| Grants or Scholarship from All Sources | 1,811 | 96% | $11,314 |
| Federal Grants | 1,741 | 92% | $2,712 |
| Pell Grants | 587 | 31% | $4,771 |
| Other Federal Grants | 1,154 | 61% | $1,664 |
| State/Local Grants | 85 | 5% | $1,068 |
| Institutional Grants | 1,785 | 95% | $8,783 |
| Student Loans | 1,529 | 81% | $7,099 |
| Federal Student Loans | 1,503 | 80% | $5,722 |
| Other Student Loans | 255 | 14% | $8,842 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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