$5,330

Avg. Federal Grant

$8,424

Avg. Federal Loan

$552,932

Total Aid Awarded

Cambridge College of Healthcare and Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$552.932K

Financial Aid Official Website

www.cambridgehealth.edu/

Interestingly, almost all of the students at CCHT receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,343,169 in a year. At CCHT, the total percentage of applicants who receive the Federal Grant stands at 57%. Meanwhile, 58% of the applicants receive the Student Grant, while 57% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,615. 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. 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 Cambridge College of Healthcare & Technology, the percentage of candidates who opt to avail of student loans is around 64%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

75%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

75%

Average Aid Awarded

Federal Grant Aid

$5,330

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,298

Cambridge College of Healthcare & Technology financial aid includes Federal Grants, Pell Grants, State grants and Institutional grants, with Federal and Pell grants having the highest percentage contribution of 75% with the average aid amount being $5,330 and $5,298 respectively.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,108

$30,001 - $48,000

$4,704

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

As per the data from Cambridge College of Healthcare & Technology financial aid office, lower the family income higher is the amount of financial aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $6,108 while those with a family income of over $30,000 can expect to receive an aid amount of $4,704. This ensures that the bulk of the money is flowing towards those who need it the most. The table is a breakdown of the same:

Student Loans for Cambridge College of Healthcare and Technology

Average Loan Amount Average Loan Amount received per year.

$8,424/Year

Students Taking Out Loans

94%

Loan Default Rate

10%

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