$4,135

Avg. Federal Grant

$6,369

Avg. Federal Loan

$7,428,236

Total Aid Awarded

Concorde Career College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$7.428M

Financial Aid Official Website

https://www.concorde.edu/campus/memphis-tennessee

Students can avail of scholarships provided by the college, such as Boettcher Foundation Scholarship and Colorado Ski Authority Annual Scholarship, if they find educational expenses to be on the higher side. As many as 90% of the students at CCCM get some sort of financial aid, and the total amount of assistance/loans provided is more than $10,648,368 in a year. At CCCM, the total percentage of applicants who receive the Federal Grant stands at 72%. Meanwhile, 76% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 72% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,084, while the same comes to $2,027 for State Grant receivers and $1,577 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,964. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Candidates are also required to repay these loans within a given period. Every year, around 83% of the applicants to Concorde Career College-Memphis opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

19%

Institution Grant Aid

1%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$4,135

State Grant Aid

$2,051

Institution Grant Aid

$2,176

Pell Grant

$4,086

Concorde Career College provides multiple aids to students. The total aid award amount comes up to $7,428,236 and about 68% of the students who applied for the aid actually receive the aid. Federal Grant average aid is $4,135,with the percentage of students receiving it standing at 71%. Pell Grant average aid is $4,086 and the percentage of students receiving it is 70%. 19% of students receive State Grants that contain an average aid of $2,051. Institution Grant average aid worth an average of $2,176 is received by 1% of students applying for it.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,055

$30,001 - $48,000

$3,939

$48,001 - $75,000

$2,027

$75,001 - $110,000

N/A

Over $110,000

N/A

The average federal aid in Concorde Career College is calculated according to the family income of the student. The federal aid for the family income is based on the family income bracket as decided.

These aids keep changing as per the decided income bracket. For the income bracket between $0 to 30,000 the aid amount is the highest which is $4,055. Slight change is observed in the aid amount when the range is $30,001 to 48,000 the amount comes up to $3,939. For an income range $48,001 to 75,000 the aid provided is $2,027.

Student Loans for Concorde Career College

Average Loan Amount Average Loan Amount received per year.

$6,950/Year

Students Taking Out Loans

82%

Loan Default Rate

21.4%

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