$4,846

Avg. Federal Grant

$5,206

Avg. Federal Loan

$32,403,646

Total Aid Awarded

Benedictine College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$32.404M

Financial Aid Official Website

www.benedictine.edu/financialaid

Interestingly, almost all of the students at BC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $7,064,168 in a year. The total percentage of candidates applying to Benedictine College who receive the Federal Grant is 23%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 22% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,178, and the same stands at $2,432 for State Grant awardees and $18,986 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,197. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 61% of the applicants to Benedictine College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

12%

Institution Grant Aid

100%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$4,846

State Grant Aid

$2,616

Institution Grant Aid

$17,402

Pell Grant

$3,782

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants. Institutional grants have the highest percentage contribution of 100% with an average aid amount being $17402.

Pell grants have a percentage of 22% with an average aid amount of $3782 which is higher than the State grant aid average of $2616.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,816

$30,001 - $48,000

$23,485

$48,001 - $75,000

$21,457

$75,001 - $110,000

$19,901

Over $110,000

$16,660

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $22816 while those with family income over $110,000 can expect to receive an aid amount of $16660. This helps students who are coming from low income homes to pay for their degree.

Student Loans for Benedictine College

Average Loan Amount Average Loan Amount received per year.

$6,507/Year

Students Taking Out Loans

57%

Loan Default Rate

3.1%

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