$5,371

Avg. Federal Grant

$4,667

Avg. Federal Loan

$55,617,613

Total Aid Awarded

Amherst College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$55.618M

Financial Aid Official Website

www.amherst.edu/~finaid/

Among them are scholarship programs such as Amherst College - MASSGrant, Amherst College - One Family Scholarship Program, Amherst College - Part-Time Grant, and Federal Supplemental Educational Opportunity Grant. It is interesting to note that, every year, around 68% of students at AC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,525,231. The total percentage of candidates applying to Amherst College who receive the Federal Grant is 30%. In comparison, 62% of the students are awarded the Student Grant, 62% get the Institution Grant, and 30% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,323, and the same stands at $2,780 for State Grant awardees and $55,042 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,777. 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. 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 18% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

20%

State Grant Aid

3%

Institution Grant Aid

56%

Pell Grant

20%

Average Aid Awarded

Federal Grant Aid

$5,371

State Grant Aid

$2,822

Institution Grant Aid

$50,166

Pell Grant

$4,769

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$64,024

$30,001 - $48,000

$60,498

$48,001 - $75,000

$57,536

$75,001 - $110,000

$50,340

Over $110,000

$27,062

Student Loans for Amherst College

Average Loan Amount Average Loan Amount received per year.

$5,626/Year

Students Taking Out Loans

19%

Loan Default Rate

1.4%

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