$4,872

Avg. Federal Grant

$5,908

Avg. Federal Loan

$12,678,206

Total Aid Awarded

Eastern Nazarene College (ENC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$12.678M

Financial Aid Official Website

https://enc.edu/undergraduate/financial-aid/

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 $3,274,148. One can visit ENC's financial aid page at https://enc.edu/undergraduate/financial-aid/ for more information. At ENC, the total percentage of applicants who receive the Federal Grant stands at 54%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 54% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,373, the State Grant receivers and Institution Grant beneficiaries get $1,792 and $16,354, respectively. And, for the Pell Grant awardees, the average aid amount is $4,518. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $28,740 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $29,647, while those falling in the $48,001-$75,000 income category get $27,726 a year. Those with an annual income level of $75,001-$110,000 would receive $26,056, while candidates with more than $110,000 of family income receive an average federal aid of $23,528. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Eastern Nazarene College, the percentage of candidates who opt to avail of student loans is around 77%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

20%

Institution Grant Aid

100%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,872

State Grant Aid

$1,789

Institution Grant Aid

$21,126

Pell Grant

$4,386

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,832

$30,001 - $48,000

$21,657

$48,001 - $75,000

$22,255

$75,001 - $110,000

$21,517

Over $110,000

$16,664

Student Loans for Eastern Nazarene College (ENC)

Average Loan Amount Average Loan Amount received per year.

$13,650/Year

Students Taking Out Loans

80%

Loan Default Rate

8.1%

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