Assumption College Financial Aid and Scholarships
Students Receiving Aid
95%
Total Aid Amount
$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%.
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