$4,944

Avg. Federal Grant

$5,501

Avg. Federal Loan

$42,314,247

Total Aid Awarded

Assumption College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$42.314M

Financial Aid Official Website

https://www.assumption.edu/admissions/financial-aid

Among them are scholarship programs such as Aquinas Scholarship, Assumption College - MASSGrant, Assumption College - One Family Scholarship Program, and Assumption College - Part-Time Grant. 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 $9,138,848 in a year. At AC, the total percentage of applicants who receive the Federal Grant stands at 20%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 20% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,801, the State Grant receivers and Institution Grant beneficiaries get $2,571 and $24,468, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,644. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Assumption College, the percentage of candidates who opt to avail of student loans is around 73%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

16%

Institution Grant Aid

99%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$4,944

State Grant Aid

$2,261

Institution Grant Aid

$22,028

Pell Grant

$4,373

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,803

$30,001 - $48,000

$27,019

$48,001 - $75,000

$25,787

$75,001 - $110,000

$23,869

Over $110,000

$21,378

Student Loans for Assumption College

Average Loan Amount Average Loan Amount received per year.

$9,173/Year

Students Taking Out Loans

76%

Loan Default Rate

4.4%

Other Colleges In Massachusetts

Regis College
Regis College

Weston, Massachusetts

Salem State University
Salem State University

Salem, Massachusetts

Other Colleges In Worcester

Quinsigamond Community College
Quinsigamond Community College

Worcester, Massachusetts

Rob Roy Academy
Rob Roy Academy

Worcester, Massachusetts

Becker College
Becker College

Worcester, Massachusetts

Other Private not-for-profit Colleges