Allegheny College Financial Aid and Scholarships
Students Receiving Aid
99%
Total Aid Amount
$58.224M
Financial Aid Official Website
https://sites.allegheny.edu/finaid/
Interestingly, almost all of the students at AC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $7,823,657 in a year. One can visit AC's financial aid page at https://sites.allegheny.edu/finaid/ for more information. The total percentage of candidates applying to Allegheny College who receive the Federal Grant is 37%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 37% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,249, the State Grant receivers and Institution Grant beneficiaries get $3,415 and $35,737, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,694. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $42,247 in a year. The average aid amount stands at $40,887 for an annual family income between $30,001 and $48,000. This amount comes to $38,138 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $34,465. And, for those with a family income of more than $110,000, the amount stands at $26,299. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At AC, an estimated number of 64% of the applicants choose to go for student loans.
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