$8,492

Avg. Federal Grant

$4,086

Avg. Federal Loan

$175,940,335

Total Aid Awarded

Boston College (BC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

45%

Total Aid Amount Average Total Aid Awarded per year.

$175.940M

Financial Aid Official Website

www.bc.edu/offices/stserv/financial/finaid/

Notably, 56% of the students at Boston College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $17,364,497. Notably, a total of 14% of the applicants to Boston College receive the Federal Grant every year. Meanwhile, 44% of the applicants receive the Student Grant and 44% are awarded the Institution Grant, while 13% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $7,579, the State Grant receivers and Institution Grant beneficiaries get $1,306 and $42,294, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,900. 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. 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 39% of the applicants to Boston College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

4%

Institution Grant Aid

45%

Pell Grant

15%

Average Aid Awarded

Federal Grant Aid

$8,492

State Grant Aid

$1,606

Institution Grant Aid

$41,082

Pell Grant

$4,951

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$63,337

$30,001 - $48,000

$60,895

$48,001 - $75,000

$53,940

$75,001 - $110,000

$47,416

Over $110,000

$22,913

Student Loans for Boston College (BC)

Average Loan Amount Average Loan Amount received per year.

$4,097/Year

Students Taking Out Loans

41%

Loan Default Rate

1.5%

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