$4,530

Avg. Federal Grant

$5,763

Avg. Federal Loan

$138,909

Total Aid Awarded

Branford Hall Career Institute Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$138.909K

Financial Aid Official Website

N/A

As many as 95% of the students at BHCIP get some sort of financial aid, and the total amount of assistance/loans provided is more than $167,212 in a year. Notably, a total of 89% of the applicants to Branford Hall Career Institute-Parsippany receive the Federal Grant every year. On the other hand, 89% of the candidates get the Student Grant, while 89% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,704. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At BHCIP, an estimated number of 73% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,530

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$3,514

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,916

$30,001 - $48,000

$4,150

$48,001 - $75,000

$1,293

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Branford Hall Career Institute

Average Loan Amount Average Loan Amount received per year.

$5,763/Year

Students Taking Out Loans

25%

Loan Default Rate

29.4%

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