$5,436

Avg. Federal Grant

$5,780

Avg. Federal Loan

$58,223,515

Total Aid Awarded

Allegheny College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

26%

Institution Grant Aid

100%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$5,436

State Grant Aid

$3,359

Institution Grant Aid

$32,056

Pell Grant

$4,826

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$43,577

$30,001 - $48,000

$42,497

$48,001 - $75,000

$39,403

$75,001 - $110,000

$35,098

Over $110,000

$28,727

Student Loans for Allegheny College

Average Loan Amount Average Loan Amount received per year.

$7,983/Year

Students Taking Out Loans

74%

Loan Default Rate

3.1%

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