$5,551

Avg. Federal Grant

$3,753

Avg. Federal Loan

$11,225,250

Total Aid Awarded

EDIC College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$11.225M

Financial Aid Official Website

www.ediccollege.edu

It is interesting to note that, every year, around 96% of students at EC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,761,582. At EC, the total percentage of applicants who receive the Federal Grant stands at 75%. In comparison, 75% of the students get the Student Grant, and 75% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,817. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. Every year, around 14% of the applicants to EDIC College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

86%

State Grant Aid

9%

Institution Grant Aid

N/A

Pell Grant

86%

Average Aid Awarded

Federal Grant Aid

$5,551

State Grant Aid

$596

Institution Grant Aid

N/A

Pell Grant

$5,494

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,619

$30,001 - $48,000

$5,576

$48,001 - $75,000

$5,379

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for EDIC College

Average Loan Amount Average Loan Amount received per year.

$3,753/Year

Students Taking Out Loans

10%

Loan Default Rate

N/A

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