$5,406

Avg. Federal Grant

$5,580

Avg. Federal Loan

$45,077,206

Total Aid Awarded

Centre College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$45.077M

Financial Aid Official Website

https://www.centre.edu/aid/

Among them are scholarship programs such as Carnegie Dartlet $10,000 Scholarship, Centre Award Scholarship, Colonel Scholarship, and Community Service Scholarship for Multicultural Students. Interestingly, almost all of the students at CC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $4,185,111 in a year. One can visit CC's financial aid page at https://www.centre.edu/aid/ for more information. At CC, the total percentage of applicants who receive the Federal Grant stands at 21%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 21% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,488, and the same stands at $4,228 for State Grant awardees and $27,585 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,703. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $38,209 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $37,260 and $32,283, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $29,502. And, for those with a family income of more than $110,000, the amount stands at $23,019. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 49% of the applicants to Centre College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

19%

State Grant Aid

51%

Institution Grant Aid

99%

Pell Grant

19%

Average Aid Awarded

Federal Grant Aid

$5,406

State Grant Aid

$4,438

Institution Grant Aid

$25,461

Pell Grant

$4,748

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$37,318

$30,001 - $48,000

$36,335

$48,001 - $75,000

$34,672

$75,001 - $110,000

$30,176

Over $110,000

$24,746

Student Loans for Centre College

Average Loan Amount Average Loan Amount received per year.

$6,749/Year

Students Taking Out Loans

50%

Loan Default Rate

1.7%

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