$7,253

Avg. Federal Grant

$9,890

Avg. Federal Loan

$1,151,197

Total Aid Awarded

Eagle Gate College-Murray Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$1.151M

Financial Aid Official Website

N/A

It is interesting to note that almost every student at EGCM receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $188,660. At EGCM, the total percentage of applicants who receive the Federal Grant stands at 100%. On the other hand, 100% of the candidates get the Student Grant, 5% receive the Institution Grant, and 100% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,039. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At EGCM, an estimated number of 100% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

N/A

Institution Grant Aid

11%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$7,253

State Grant Aid

N/A

Institution Grant Aid

$500

Pell Grant

$7,064

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,602

$30,001 - $48,000

$6,344

$48,001 - $75,000

$4,706

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Eagle Gate College-Murray

Average Loan Amount Average Loan Amount received per year.

$10,667/Year

Students Taking Out Loans

96%

Loan Default Rate

22.5%

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