$4,022

Avg. Federal Grant

$5,084

Avg. Federal Loan

$3,500,042

Total Aid Awarded

Edison State Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

34%

Total Aid Amount Average Total Aid Awarded per year.

$3.500M

Financial Aid Official Website

www.edisonohio.edu/Paying-for-College

Such schemes include Grace Knouff Memorial Scholarship, James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, and Minority Journalism Scholarship. Notably, 89% of the students at Edison State Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,863,754. For additional information about financial assistance schemes, one can head over to ESCC’s financial aid page at http://www.edisonohio.edu/Paying-for-College. The total percentage of candidates applying to Edison State Community College who receive the Federal Grant is 55%. In comparison, 71% of the students are awarded the Student Grant, 26% get the Institution Grant, and 55% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,210. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Edison State Community College, the percentage of candidates who opt to avail of student loans is around 30%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

N/A

Institution Grant Aid

23%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,022

State Grant Aid

$72

Institution Grant Aid

$2,500

Pell Grant

$3,983

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,604

$30,001 - $48,000

$4,984

$48,001 - $75,000

$2,803

$75,001 - $110,000

$760

Over $110,000

$1,181

Student Loans for Edison State Community College

Average Loan Amount Average Loan Amount received per year.

$5,084/Year

Students Taking Out Loans

28%

Loan Default Rate

16.2%

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