$5,251

Avg. Federal Grant

$11,982

Avg. Federal Loan

$22,378,100

Total Aid Awarded

Benedict College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$22.378M

Financial Aid Official Website

www.benedict.edu/cms/?q=financial_aid

Among them are scholarship programs such as C.G. Fuller Foundation Scholarship, LinkScholars Program, Palmetto Fellows Scholarship, and South Carolina HOPE Scholarship. It is interesting to note that almost every student at BC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $12,663,895. Notably, a total of 83% of the applicants to Benedict College receive the Federal Grant every year. Meanwhile, 98% of the applicants receive the Student Grant and 81% are awarded the Institution Grant, while 83% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,534, and the same stands at $4,798 for State Grant awardees and $9,309 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,222. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 66% of the applicants to Benedict College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

85%

State Grant Aid

N/A

Institution Grant Aid

59%

Pell Grant

85%

Average Aid Awarded

Federal Grant Aid

$5,251

State Grant Aid

N/A

Institution Grant Aid

$8,831

Pell Grant

$5,040

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,810

$30,001 - $48,000

$6,943

$48,001 - $75,000

$5,249

$75,001 - $110,000

$9,937

Over $110,000

$13,212

Student Loans for Benedict College

Average Loan Amount Average Loan Amount received per year.

$11,999/Year

Students Taking Out Loans

94%

Loan Default Rate

18.5%

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