$5,512

Avg. Federal Grant

$5,239

Avg. Federal Loan

$36,454,873

Total Aid Awarded

Earlham College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

15%

Institution Grant Aid

99%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$5,512

State Grant Aid

$6,800

Institution Grant Aid

$32,935

Pell Grant

$4,022

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$42,645

$30,001 - $48,000

$44,706

$48,001 - $75,000

$40,292

$75,001 - $110,000

$37,811

Over $110,000

$30,386

Student Loans for Earlham College

Average Loan Amount Average Loan Amount received per year.

$6,067/Year

Students Taking Out Loans

63%

Loan Default Rate

7.4%

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