$4,762

Avg. Federal Grant

$5,494

Avg. Federal Loan

$52,270,430

Total Aid Awarded

Columbia College Chicago Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$52.270M

Financial Aid Official Website

www.colum.edu/student-financial-services/index.php

As many as 93% of the students at CCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $29,034,265 in a year. At CCC, the total percentage of applicants who receive the Federal Grant stands at 34%. In comparison, 91% of the students are awarded the Student Grant, 91% get the Institution Grant, and 34% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,750, while the same comes to $4,491 for State Grant receivers and $9,097 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,473. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. At CCC, an estimated number of 65% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

35%

State Grant Aid

19%

Institution Grant Aid

84%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$4,762

State Grant Aid

$4,299

Institution Grant Aid

$8,560

Pell Grant

$4,515

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,393

$30,001 - $48,000

$14,317

$48,001 - $75,000

$11,192

$75,001 - $110,000

$8,861

Over $110,000

$8,260

Student Loans for Columbia College Chicago

Average Loan Amount Average Loan Amount received per year.

$7,956/Year

Students Taking Out Loans

67%

Loan Default Rate

9.4%

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