Student Loans for Arizona State University
Arizona 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.
Apart from the ASU scholarship program, what other aid options do I have?
Arizona State University is dedicated to helping students pursue their dream education without having to stress about costs. The university offers a range of financial aid programs that help a student pay for a number of educational expenses. These programs include scholarships, grants, federal student loans, and grants. Over 50% of ASU student population is studying with the help of financial aid.
Pay for Arizona State University*
|Total Avg. Cost||$34,388|
|Room & Board||$9,210|
|Financial Aid Information|
|Students Receiving Fin Aid||79%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$12,874|
|%Receiving Other Loans||3%|
Get into Arizona State University
Contact Arizona State University
|University Drive and Mill Avenue
Tempe, AZ 85287(480) 965-9011
|Financial Aid Office URL|
|Admissions Office URL|
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics