$5,359

Avg. Federal Grant

$5,459

Avg. Federal Loan

$28,299,670

Total Aid Awarded

Aquinas College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$28.300M

Financial Aid Official Website

www.aquinas.edu/financial-aid

Among them are scholarship programs such as Academic Leadership Scholarship, Albertus Magnus Scholarship, Art and Helen Nickless Scholarship, and Auburn Jaycees Education Scholarship. 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 $5,020,325. More information regarding the financial assistance schemes can be accessed on AC’s official financial aid page at https://thomasaquinas.edu/admission/financial-aid. The total percentage of candidates applying to Aquinas College who receive the Federal Grant is 29%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 29% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,975, while the same comes to $2,418 for State Grant receivers and $20,729 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,572. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $19,781 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $22,152 and $15,461, respectively. On the other hand, the average federal aid stands at $14,147 for those with an annual family income between $75,001 and $110,000, and at $4,886 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. At Aquinas College, the percentage of candidates who opt to avail of student loans is around 62%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

58%

Institution Grant Aid

100%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$5,359

State Grant Aid

$2,434

Institution Grant Aid

$19,991

Pell Grant

$4,675

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,126

$30,001 - $48,000

$27,064

$48,001 - $75,000

$26,883

$75,001 - $110,000

$22,629

Over $110,000

$19,478

Student Loans for Aquinas College

Average Loan Amount Average Loan Amount received per year.

$7,028/Year

Students Taking Out Loans

61%

Loan Default Rate

3.4%

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