$5,325

Avg. Federal Grant

$4,311

Avg. Federal Loan

$29,764,505

Total Aid Awarded

ASA College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$29.765M

Financial Aid Official Website

www.asa.edu/financial_aid.asp

As many as 96% of the students at AC get some sort of financial aid, and the total amount of assistance/loans provided is more than $14,443,497 in a year. At AC, the total percentage of applicants who receive the Federal Grant stands at 69%. Meanwhile, 94% of the applicants receive the Student Grant and 36% are awarded the Institution Grant, while 69% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,739, and the same stands at $2,327 for State Grant awardees and $5,101 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,389. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 30% of the applicants to ASA College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

19%

Institution Grant Aid

30%

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$5,325

State Grant Aid

$2,538

Institution Grant Aid

$5,557

Pell Grant

$5,208

As mentioned in the table above the financial aid provided by the ASA College is broadly divided into four categories namely Federal Grants, Pell Grants, State Grants and Institutional Grants. These are provided under the ASA College financial aid programs. Among all the grants provided by the university the maximum percentage of contribution are by the Federal Grant Aid and the Pell Grant Aid which is about 72% for each of them and provides an average aid of $5,325 and $5,208 respectively.

The percentage of the State Grant Aid is the lowest among all about 19% and the avg. aid provided under the State Grant provision is $2,538. At last the Institutional grant aid covers about 30% of the student population providing an average grant aid of $5,557 to the students.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,549

$30,001 - $48,000

$6,465

$48,001 - $75,000

$3,339

$75,001 - $110,000

$2,124

Over $110,000

$3,146

The table shows that a student from a low income family is likely to get a higher amount of financial aid. For those students who fall under the category of low family income i.e. less than $30,000 the amount of financial aid is of $6,549 whereas those for students whose family income is in between $48,001 to $75,000 the aid amounts sums up to $3,339 as they are capable of handling the educational expenditures. These federal aids help the students of low-income backgrounds to complete their degree with much ease. Finally the federal aid amounts to $3,146 for the students whose family income is over $110,000.

Student Loans for ASA College

Average Loan Amount Average Loan Amount received per year.

$4,413/Year

Students Taking Out Loans

31%

Loan Default Rate

13.9%

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