Earlham College Financial Aid and Scholarships
Students Receiving Aid
95%
Total Aid Amount
$36.455M
Financial Aid Official Website
www.earlham.edu/financial-aid
Among them are scholarship programs such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Anthony Munoz Foundation Scholarship Fund, and Birds Eye Foods (Brooks Foods) Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,967,982. One can visit EC's financial aid page at http://www.earlham.edu/financial-aid for more information. Notably, a total of 25% of the applicants to Earlham College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 25% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,888, the State Grant receivers and Institution Grant beneficiaries get $7,360 and $34,493, respectively. And, for the Pell Grant awardees, the average aid amount is $4,490. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $44,390 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $43,138 and $40,539, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $35,173. And, for those with a family income of more than $110,000, the amount stands at $28,667. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. Every year, around 53% of the applicants to Earlham College opt for student loans.
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