Eastern International College Financial Aid and Scholarships
Students Receiving Aid
86%
Total Aid Amount
$1.355M
Financial Aid Official Website
www.eicollege.edu
Among them are scholarship programs such as Educational Opportunity Fund Grant, NJSTARS (Student Tuition Assistance Reward Scholarship), and Tuition Aid Grant. It is interesting to note that almost every student at EICB receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,610,323. Notably, a total of 94% of the applicants to Eastern International College-Belleville receive the Federal Grant every year. In comparison, 94% of the students are awarded the Student Grant, 17% get the Institution Grant, and 94% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,436, while the same comes to $7,236 for State Grant receivers and $483 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,747. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Eastern International College-Belleville, the percentage of candidates who opt to avail of student loans is around 86%.
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