$5,281

Avg. Federal Grant

$6,103

Avg. Federal Loan

$7,757,839

Total Aid Awarded

College of San Mateo (CSM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

36%

Total Aid Amount Average Total Aid Awarded per year.

$7.758M

Financial Aid Official Website

www.collegeofsanmateo.edu/finaid/

It is interesting to note that, every year, around 56% of students at CSM receive some kind of financial aid, while the total amount of assistance/loans provided is $350,844. At CSM, the total percentage of applicants who receive the Federal Grant stands at 21%. On the other hand, 56% of the candidates get the Student Grant, 41% receive the Institution Grant, and 21% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,469, the State Grant receivers and Institution Grant beneficiaries get $2,060 and $945, respectively. And, for the Pell Grant awardees, the average aid amount is $4,273. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. Every year, around 1% of the applicants to College of San Mateo opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

38%

Institution Grant Aid

26%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$5,281

State Grant Aid

$1,989

Institution Grant Aid

$729

Pell Grant

$5,077

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,070

$30,001 - $48,000

$8,147

$48,001 - $75,000

$4,686

$75,001 - $110,000

$2,938

Over $110,000

N/A

Student Loans for College of San Mateo (CSM)

Average Loan Amount Average Loan Amount received per year.

$6,103/Year

Students Taking Out Loans

N/A

Loan Default Rate

7.9%

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