Albright College Financial Aid and Scholarships
Students Receiving Aid
92%
Total Aid Amount
$50.974M
Financial Aid Official Website
www.albright.edu/admission/financialaid/index.html
It is interesting to note that almost every student at AC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $11,294,871. One can visit AC's financial aid page at http://www.albright.edu/admission/financialaid/index.html for more information. At AC, the total percentage of applicants who receive the Federal Grant stands at 57%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 57% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,434, while the same comes to $3,454 for State Grant receivers and $35,243 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,314. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $34,586 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $36,522, while those falling in the $48,001-$75,000 income category get $33,527 a year. Those with an annual income level of $75,001-$110,000 would receive $29,177, while candidates with more than $110,000 of family income receive an average federal aid of $23,655. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At AC, an estimated number of 89% of the applicants choose to go for student loans.
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