$5,220

Avg. Federal Grant

$6,326

Avg. Federal Loan

$10,789,508

Total Aid Awarded

Columbia College (SC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$10.790M

Financial Aid Official Website

www.columbiasc.edu/admissions/financial-aid

Such schemes include C.G. Fuller Foundation Scholarship, LinkScholars Program, Palmetto Fellows Scholarship, and South Carolina HOPE Scholarship. It is interesting to note that almost every student at CC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,492,115. The total percentage of candidates applying to Columbia College who receive the Federal Grant is 71%. In comparison, 100% of the students are awarded the Student Grant, 98% get the Institution Grant, and 69% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,811, and the same stands at $6,271 for State Grant awardees and $4,631 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,674. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 89% of the applicants to Columbia College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

84%

Institution Grant Aid

98%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$5,220

State Grant Aid

$6,400

Institution Grant Aid

$6,663

Pell Grant

$4,863

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,543

$30,001 - $48,000

$17,058

$48,001 - $75,000

$13,619

$75,001 - $110,000

$14,704

Over $110,000

$13,038

Student Loans for Columbia College (SC)

Average Loan Amount Average Loan Amount received per year.

$6,615/Year

Students Taking Out Loans

73%

Loan Default Rate

6.6%

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