$6,720

Avg. Federal Grant

$7,917

Avg. Federal Loan

$1,511,429

Total Aid Awarded

Cambridge College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$1.511M

Financial Aid Official Website

www.cambridgecollege.edu/financial-aid

It is interesting to note that, every year, around 33% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,561,007. Notably, a total of 22% of the applicants to Cambridge College receive the Federal Grant every year. On the other hand, 22% of the candidates get the Student Grant, 11% receive the Institution Grant, and 22% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,875. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 33% of the applicants to Cambridge College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

13%

State Grant Aid

N/A

Institution Grant Aid

13%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$6,720

State Grant Aid

N/A

Institution Grant Aid

$2,636

Pell Grant

$5,920

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,720

$30,001 - $48,000

$2,636

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Cambridge College

Average Loan Amount Average Loan Amount received per year.

$7,917/Year

Students Taking Out Loans

25%

Loan Default Rate

8.2%

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