During the 2007-2008 academic year Fresno Pacific University students received over $32 million
$15.5 million (46 percent) of the financial aid funds disbursed last year came from grants and scholarships; $7.0 million came from federal, state and private sources and $8 million came from our own FPU institutional aid program.
$16.8 million (51 percent) disbursed to student last year came from student loans, mostly the Stafford Loan program.
The remaining 3 percent, about $ 1 million, was disbursed to our students as earned wages through the work study program.
Federal and State Grants Annual amounts shown Federal Grants Pell Grant $400-$4,731 Need SEOG $1,500 Need ACG Up to $1,300 Need and GPA National SMART Grant Up to $2,000 Need and major State Grants Cal Grant A $9,708 Need and GPA Cal Grant B $1,551-$11,260 Need and GPA Chafee Up to $5,000 Foster care Robert C. Byrd Up to $1,500 GPA
Ninety-eight percent of FPU traditional undergraduate student are financial aid recipients.
Forty percent of our total traditional undergraduate students are Cal Grant recipients with awards ranging between $9,708 and $11,260 per year. Twenty-three percent of our Cal Grant recipients also receive the maximum Pell Grant award of $4,731.
A student with a full Pell Grant ($4,731) and Cal Grant A ($9,708) has a basic package of $14,439 in gift aid before we stack SEOG, Private, Foundation or FPU Institutional grants and scholarships.
Incoming freshman with a 3.60 GPA and 1,150 SAT score (25 ACT) qualify for the FPU President’s Scholarship. The value of this award has been increased to $9,000 for the 2009-10 academic year. We expect to award 50 new Presidents Scholars for 2009-10.