Student Loans for Purdue Students
About Purdue University
Purdue is a classic land-grant university, founded in 1869, but that’s sort of boring. What you really want to know about Purdue is probably more like that the Boilermakers excel both academically and athletically: for example, the men’s and women’s basketball teams have won more Big Ten championships than any other conference school (37 banners, 22 for the men, 15 for the women), but if that’s not cool enough, Purdue is known as the ‘Cradle of Astronauts,’ and produced the first and last men to walk on the moon, those being Neil Armstrong and Eugene Cernan, respectively (that’s pretty cool). Purdue’s engineering school is competitive at a national level, and the school has exceptional aeronautical and ‘green’ engineering programs, to name a few. In fact, it seems like there’s only reason why someone wouldn’t totally love Purdue: affording it.
Making a budget for a year at Purdue should be straightforward, but many people are quick to look at the top-level costs and forget about the smaller stuff, like going out to eat on a Friday night or having to buy some extra textbooks. In short, there are a lot of smaller costs that most people don’t even think about when trying to plan out all their college finances. For example, football and basketball games are crazy popular, which means you need to save for student season ticket packages. They’re about $120 for football, though you can purchase a $250 VIP pass that gets you in to all regular-season home sports games, which winds up being about a 40% discount. These passes are very popular, and as a result, student tickets for men’s basketball games usually sell out, so grab a pass if you want tickets to both.
The Purdue financial aid program is pretty strong: in 2010, 70% of the student body received financial aid, with an average award of just under $14,000. To receive Purdue financial aid, you need to file the Free Application for Federal Student Aid (FAFSA), just like at any school. You’ll receive your Purdue financial aid award upon admission, if you’re an incoming freshman or with your tuition bill if you’re a returning student.
Student Loans Options at Purdue
Ready? Here’s how you do it. Ask your Purdue financial aid officer if you can get any free money, meaning if you’re eligible for a grant or scholarship or something of the like. Then ask if you might need to take out a loan, which many students at Purdue need to do. Then file the Free Application for Federal Student Aid (FAFSA). That’s it. Good to go.
What different factors are considered when applying for Purdue scholarship programs?
Purdue University offers a range of scholarship programs. The eligibility criteria and conditions vary from program to program. The different factors considered when applying for programs include SAT/ACT scores, evidence of leadership, community work, social service, achievements, application essay, and awards. Based upon these factors, the university will determine which students deserve a scholarship.
Pay for Purdue University*
|Total Avg. Cost||$20,638|
|Room & Board||$8,150|
|Financial Aid Information|
|Students Receiving Fin Aid||70%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$7,326|
|%Receiving Other Loans||9%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics