$5,166

Avg. Federal Grant

$6,382

Avg. Federal Loan

$13,218,767

Total Aid Awarded

Albertus Magnus College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$13.219M

Financial Aid Official Website

www.albertus.edu/bachelors-degrees/tuition-financial-aid/

As many as 99% of the students at AMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,843,803 in a year. At AMC, the total percentage of applicants who receive the Federal Grant stands at 62%. In comparison, 98% of the students are awarded the Student Grant, 90% get the Institution Grant, and 62% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,627, the State Grant receivers and Institution Grant beneficiaries get $4,195 and $20,568, respectively. And, for the Pell Grant awardees, the average aid amount is $4,785. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Albertus Magnus College, the percentage of candidates who opt to avail of student loans is around 83%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

16%

Institution Grant Aid

87%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$5,166

State Grant Aid

$4,190

Institution Grant Aid

$20,113

Pell Grant

$4,739

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,954

$30,001 - $48,000

$21,588

$48,001 - $75,000

$23,541

$75,001 - $110,000

$20,693

Over $110,000

$24,689

Student Loans for Albertus Magnus College

Average Loan Amount Average Loan Amount received per year.

$6,888/Year

Students Taking Out Loans

88%

Loan Default Rate

9.2%

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