Student Loans for Arizona State University

students at arizona stateArizona State University is one of the nation’s largest and leading public universities. While an education at ASU comes at a significant price – for some students, tuition and fees can be well over $10,000 each semester – ASU offers a wide range of financial aid options for students. When considering students for financial aid, ASU evaluates income, family status, the cost of attending ASU, whether or not the applicant is an in-state student, and the student’s/family’s earning capacity.  As a result, over 70% of students at ASU receive some form of ASU financial aid. If you are an Arizona resident, you are in luck; like other state universities, in-state residents have lower tuition costs at ASU because of state-offered subsidies. ASU Financial Aid is limited for international students, unfortunately, and international students are required to find sources of funding on their own, or cover the costs of attending ASU out-of-pocket.

Applying for ASU financial aid is a relatively straightforward process, and is no different than applying for financial aid at any other school. At the beginning of the process, you should speak to the ASU Financial Aid office about any grants and/or scholarships you might be eligible for, and whether you may need loans to cover the cost of attending ASU. After that, file the Free Application for Federal Student Aid (FAFSA), which will be used to determine your financial need and ultimately your ASU Financial Aid package. Once you submit these forms, your application process will be complete. Financial aid packages are usually sent out with admissions decisions for incoming freshmen, and in mid- to late summer, depending on when the school sends their tuition bill out, for returning students.

ASU Financial Aid Packages and Student Loans

ASU Financial Aid packages commonly include grants, scholarships, work-study programs, and federal student loans. The most common forms of federal financial aid used by students at ASU are federal loans and federal grants. Common loans include subsidized and unsubsidized Stafford loans, as well as PLUS loans, while common grants include Pell Grants and Federal Supplemental Education Opportunity Grants. Students can also receive private student loans from private lenders if their financial aid package does not cover all the costs of attending ASU. Private student loans tend to have lower interest rates than conventional loans and long repayment terms, both benefits help to make the loans more affordable. Exceptional students may apply for merit scholarships, which are awarded to a small number of students in each class. Students are also encouraged to work on campus during the school year, and to work over the summer, so as to contribute towards their education.

If you still need money to cover the cost of attending ASU, pursue private student loans as a last measure after exhausting all free money and federal aid options. To find, compare, and apply for private student loans for ASU, just use our Student Loan Comparison Tool above.

Pay for Arizona State University*

Total Avg. Cost $34,388
Tuition $18,582
Room & Board $9,210
Financial Aid Information
Students Receiving Fin Aid 79%
Typical Grant Amounts
State/Local $1,540
Federal $4,029
%Receiving Loans 31%
Avg. Other Stud. Loans $12,874
%Receiving Other Loans 3%

Get into Arizona State University

Admission Rate 91%
Total Enrollment 37,376
Men 48%
Women 52%
Graduation Rate 56%
Application Fee $50

Contact Arizona State University

Address
University Drive and Mill Avenue
Tempe, AZ 85287(480) 965-9011
Financial Aid Office URL
https://students.asu.edu/financialaid
Admissions Office URL
https://students.asu.edu/admission

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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