$5,022

Avg. Federal Grant

$5,858

Avg. Federal Loan

$19,978,626

Total Aid Awarded

Cedar Crest College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

45%

Institution Grant Aid

99%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$5,022

State Grant Aid

$3,369

Institution Grant Aid

$23,542

Pell Grant

$4,747

As of the data acquired on Cedar Crest College, the following shows how the aids are distributed among the students:

  • Around 46% of the students receive Federal Grant Aid which amounts to an average of $5,022.

  • 46% of the students receive Pell Grants which amount to an average of around $4,747.

  • Approximately 45% of the students receive state grants at an average of around $3,369.

  • 99% of the students receive institutional grants which amount to an average of around $23,542.

  • Approximately 87% of the students opt for loans which amount to an average of around $9,101.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$32,834

$30,001 - $48,000

$31,558

$48,001 - $75,000

$30,014

$75,001 - $110,000

$25,530

Over $110,000

$22,549

Financial aid in the form of federal aid is provided to a student, depending on the income of the student or the student’s family. It is segregated into 5 different income types to help determine the appropriate average amount of federal aid you may receive with respect to your family’s income.

For a student who has a family income ranging from $0 - $30,000, the average federal aid provided is $32,834 whereas a student having a family income ranging from $30,001 - $48,000 receives an average of $31,558.

From ranges above $48,001, the average amount starts to lessen comparatively. Family incomes ranging from $48,001  - $75,000 get the benefit of receiving an average aid of $30,014 while those with an annual income between $75,001 - $110,000 get $25,530. Incomes above $110,000 get an average federal aid of $22,549.

Student Loans for Cedar Crest College

Average Loan Amount Average Loan Amount received per year.

$9,101/Year

Students Taking Out Loans

87%

Loan Default Rate

5.3%

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