Barnard College Financial Aid and Scholarships
Students Receiving Aid
44%
Total Aid Amount
$47.248M
Financial Aid Official Website
www.barnard.edu/finaid/
Students can avail of scholarships provided by the college, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Barnard College - Achievement and Investment in Merit Scholarship, and Carnegie Dartlet $10,000 Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 51% of students at BC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,390,040. One can visit BC's financial aid page at http://www.barnard.edu/finaid/ for more information. At BC, the total percentage of applicants who receive the Federal Grant stands at 18%. Meanwhile, 44% of the applicants receive the Student Grant and 42% are awarded the Institution Grant, while 18% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,486, the State Grant receivers and Institution Grant beneficiaries get $4,849 and $46,872, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,016. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $62,287 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $62,305 and $60,434, respectively. On the other hand, the average federal aid stands at $49,067 for those with an annual family income between $75,001 and $110,000, and at $23,123 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 31% of the applicants to Barnard College opt for student loans.
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