Converse College Financial Aid and Scholarships
Students Receiving Aid
93%
Total Aid Amount
$10.648M
Financial Aid Official Website
N/A
Students can avail of scholarships provided by the college, such as Academic Scholarship, C.G. Fuller Foundation Scholarship, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 99% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,700,000. At CC, the total percentage of applicants who receive the Federal Grant stands at 53%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 45% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,297, the State Grant receivers and Institution Grant beneficiaries get $8,333 and $7,767, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,750. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CC, an estimated number of 83% of the applicants choose to go for student loans.
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