$4,562

Avg. Federal Grant

$5,755

Avg. Federal Loan

$29,357,653

Total Aid Awarded

Carroll College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$29.358M

Financial Aid Official Website

www.carroll.edu/finaid/

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,398,229. More information regarding the financial assistance schemes can be accessed on CC’s official financial aid page at http://www.carroll.edu/finaid/. At CC, the total percentage of applicants who receive the Federal Grant stands at 24%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 24% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,478. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $26,934 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,926, while those falling in the $48,001-$75,000 income category get $23,203 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $21,765. And, for those with a family income of more than $110,000, the amount stands at $16,586. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 Carroll College, the percentage of candidates who opt to avail of student loans is around 55%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

N/A

Institution Grant Aid

99%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$4,562

State Grant Aid

N/A

Institution Grant Aid

$20,966

Pell Grant

$4,275

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$30,649

$30,001 - $48,000

$26,486

$48,001 - $75,000

$26,117

$75,001 - $110,000

$21,753

Over $110,000

$19,224

Student Loans for Carroll College

Average Loan Amount Average Loan Amount received per year.

$7,547/Year

Students Taking Out Loans

57%

Loan Default Rate

2.3%

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