Cedar Crest College Financial Aid and Scholarships
Students Receiving Aid
76%
Total Aid Amount
$19.979M
Financial Aid Official Website
www.cedarcrest.edu/stufinserv/traditionalcosts.shtm
Among them are scholarship programs such as Allen Scholarship for Community Service, Art Scholarship, Competition Scholarship, and Heritage Award. 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 $8,752,633. More information regarding the financial assistance schemes can be accessed on CCC’s official financial aid page at http://www.cedarcrest.edu/stufinserv/traditionalcosts.shtm. At CCC, the total percentage of applicants who receive the Federal Grant stands at 43%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 43% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,954, the State Grant receivers and Institution Grant beneficiaries get $3,380 and $24,721, respectively. And, for the Pell Grant awardees, the average aid amount is $4,430. 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 $29,802 per year. The average aid amount stands at $30,263 for an annual family income between $30,001 and $48,000. This amount comes to $27,620 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $25,593. And, for those with a family income of more than $110,000, the amount stands at $21,608. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. Every year, around 84% of the applicants to Cedar Crest College opt for student loans.
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