$4,014

Avg. Federal Grant

$6,290

Avg. Federal Loan

$1,306,766

Total Aid Awarded

Blake Austin College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$1.307M

Financial Aid Official Website

blakeaustincollege.edu

Notably, 89% of the students at Blake Austin College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,797,601. At BAC, the total percentage of applicants who receive the Federal Grant stands at 88%. In comparison, 89% of the students are awarded the Student Grant, 7% get the Institution Grant, and 67% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $3,630, the State Grant receivers and Institution Grant beneficiaries get $2,208 and $1,183, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,888. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 89% of the applicants to Blake Austin College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

2%

Institution Grant Aid

2%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,014

State Grant Aid

$1,575

Institution Grant Aid

$575

Pell Grant

$3,931

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,500

$30,001 - $48,000

$3,812

$48,001 - $75,000

$1,563

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Blake Austin College

Average Loan Amount Average Loan Amount received per year.

$6,903/Year

Students Taking Out Loans

87%

Loan Default Rate

10.1%

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