$5,764

Avg. Federal Grant

$8,668

Avg. Federal Loan

$6,744,518

Total Aid Awarded

Brookline College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$6.745M

Financial Aid Official Website

brooklinecollege.edu/financial-aid/

Notably, 92% of the students at Brookline College-Phoenix get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,286,382. Notably, a total of 77% of the applicants to Brookline College-Phoenix receive the Federal Grant every year. Meanwhile, 77% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 77% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,062, while the same comes to $5,925 for State Grant receivers and $3,612 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,037. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Brookline College-Phoenix, the percentage of candidates who opt to avail of student loans is around 87%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

77%

State Grant Aid

2%

Institution Grant Aid

11%

Pell Grant

77%

Average Aid Awarded

Federal Grant Aid

$5,764

State Grant Aid

$8,616

Institution Grant Aid

$2,652

Pell Grant

$5,629

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and federal grants with state grants having the highest percentage contribution of 2% with an average aid amount being $8,616.

Pell grants have a percentage of 77% with an average aid amount of $5,629 which is higher than the institutional grant aid average of $2652.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,639

$30,001 - $48,000

$5,480

$48,001 - $75,000

N/A

$75,001 - $110,000

$9,238

Over $110,000

N/A

For those students who have a family income under $30,000 can expect to receive an aid amount of $6,639 while those with family income over $75,000 to $110,000 can expect to receive an aid amount of $9,238. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Brookline College

Average Loan Amount Average Loan Amount received per year.

$9,637/Year

Students Taking Out Loans

87%

Loan Default Rate

20.6%

The Student loan is a form of financial aid which has to be paid back within a stipulated time period. Around 87% avail student loan from Brookline College-Phoenix for their financial aid with a loan default rate of 20.6. The average student loan receives from Brookline College-Phoenix is $9,637. 

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