$4,427

Avg. Federal Grant

$4,703

Avg. Federal Loan

$9,579,647

Total Aid Awarded

Blackburn College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$9.580M

Financial Aid Official Website

https://blackburn.edu/administrative-offices/financial-aid/

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,514,610. At BC, the total percentage of applicants who receive the Federal Grant stands at 69%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 69% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,650, while the same comes to $4,210 for State Grant receivers and $8,927 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,708. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 75% of the applicants to Blackburn College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

54%

Institution Grant Aid

99%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,427

State Grant Aid

$4,469

Institution Grant Aid

$9,326

Pell Grant

$4,325

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,489

$30,001 - $48,000

$17,805

$48,001 - $75,000

$16,127

$75,001 - $110,000

$11,674

Over $110,000

$10,674

Student Loans for Blackburn College

Average Loan Amount Average Loan Amount received per year.

$4,884/Year

Students Taking Out Loans

73%

Loan Default Rate

13.8%

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