$6,237

Avg. Federal Grant

$7,014

Avg. Federal Loan

$50,974,038

Total Aid Awarded

Albright College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

37%

Institution Grant Aid

97%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$6,237

State Grant Aid

$3,748

Institution Grant Aid

$29,228

Pell Grant

$5,390

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$38,312

$30,001 - $48,000

$38,698

$48,001 - $75,000

$37,094

$75,001 - $110,000

$30,252

Over $110,000

$25,905

Student Loans for Albright College

Average Loan Amount Average Loan Amount received per year.

$8,851/Year

Students Taking Out Loans

90%

Loan Default Rate

6.5%

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