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Financial Aid

Financial Aid Statistics

Federal financial aid investments at FIU make a critical impact in South Florida, allowing our region to

gain new college-educated professionals as these individuals work to pursue their dreams.

2023-2024 Highlights

  • Over 22,418 FIU students received Pell grants in 2023-2024
    • This represents approximately 58% of our total student undergraduate population*
    • * Source: AIM headcount - 38,418, Fall 2023 UGRD Headcount;
    • https://accountability.fiu.edu/student-headcount-demographics.html
  • Over 55% or 12,521 of Pell recipients receive the maximum award based on an expected family contribution of $0.
  • Sixty-nine percent or 12,335 of Pell recipients earned a B average or higher (3.0+) in Fall 2023 (based on Cumulative GPA).
  • Sixty-eight percent or 12,095 of Pell recipients are enrolled full time at FIU during Fall 23.
  • 42% of FIU students receiving Pell are First Generation in college.
  • FIU had 1,967 students who qualified for Florida Student Assistant Grant (FSAG) but didn't get an award due to lack of funding.
  • In the State of Florida, Pell Grants consist of 426,016 awards worth $1.9 billion in awards.
  • In South Florida, 154,329 students receive Pell Grants at the sum of $709,353,236.
    • ** Source: NAICU Financial Aid Data Sheets
  • Total unmet financial need for FIU's enrolled undergraduates who filed a FAFSA and received at least one type of AID was over $124 Million (not including summer) for 2023-2024.

Work Study & Other Federal Aid Programs

  • 655 students take part in the Federal Work Study Program
  • 14,157 students receive funds from the Federal Direct Loan Program (FDLP)
  • 3887 students are recipients of the Supplemental Education Opportunity Grant (SEOG)

Stafford Loans

  • 8,026 students currently receive Subsidized Stafford Loans
  • $17,411 is the average loan indebtedness (2024 CDS)

Default Rate

• Percentage of FIU borrowers defaulted on their Federal student loans within three years of

  • entering repayment of 2021 = 0%*
  • * As a result of changes to borrower accounts due to the administration’s executive actions, and
  • provisions in the CARES ACT, no Direct Loan borrowers entered default since March 2020
  • (National Average = 0%)

Source: https://studentaid.gov/data-center/student/default 

Download the 2023-2024 Financial Aid Information

Reductions to federal financial aid programs would disproportionately affect FIU’s students—many of whom are classified in the categories of highest need, such as the growing first generation and large Pell eligible populations—due to their heavy reliance on aid to attend school. As reauthorization and supplementary legislation move forward, year-round Pell grants and other access initiatives are still top priorities that would greatly benefit our students.

Research by our national partner, CEOs for Cities, shows that by increasing local baccalaureate degree production by just one percent, the South Florida region would benefit from an expected economic impact of $1.7 billion; such advances are only possible with continued federal financial aid investments.

Priorities/Recommendations for Congress

  • Protect the maximum Pell grant amount and forestall interest rate increases on Stafford Loans.
  • Encourage year-round Pell grants under the Higher Education Act.

Related Agencies

  • Department of Education