$5,239

Avg. Federal Grant

$7,448

Avg. Federal Loan

$701,113

Total Aid Awarded

California Healing Arts College (CHAC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$701.113K

Financial Aid Official Website

www.chac.edu/admissions/financial-aid/

As many as 95% of the students at CHAC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,487,997 in a year. Notably, a total of 89% of the applicants to California Healing Arts College receive the Federal Grant every year. On the other hand, 89% of the candidates get the Student Grant, while 89% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,472. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At California Healing Arts College, the percentage of candidates who opt to avail of student loans is around 89%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

100%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

100%

Average Aid Awarded

Federal Grant Aid

$5,239

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,118

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,727

$30,001 - $48,000

$1,370

$48,001 - $75,000

N/A

$75,001 - $110,000

$2,960

Over $110,000

N/A

Student Loans for California Healing Arts College (CHAC)

Average Loan Amount Average Loan Amount received per year.

$7,448/Year

Students Taking Out Loans

98%

Loan Default Rate

19.2%

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