Connecticut College Financial Aid and Scholarships
Students Receiving Aid
62%
Total Aid Amount
$41.002M
Financial Aid Official Website
www.conncoll.edu/financial-aid/
It is interesting to note that, every year, around 94% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,897,222. One can visit CC's financial aid page at http://www.conncoll.edu/financial-aid/ for more information. Notably, a total of 16% of the applicants to Connecticut College receive the Federal Grant every year. In comparison, 94% of the students are awarded the Student Grant, 93% get the Institution Grant, and 16% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,512, the State Grant receivers and Institution Grant beneficiaries get $2,422 and $30,384, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,574. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $52,699 on average in a year. The average aid amount stands at $48,084 for an annual family income between $30,001 and $48,000. This amount comes to $46,031 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $39,083 for those with an annual family income between $75,001 and $110,000, and at $23,792 for an income more than $110,000. 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 CC, an estimated number of 43% of the applicants choose to go for student loans.
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