$4,788

Avg. Federal Grant

$5,897

Avg. Federal Loan

$46,565,229

Total Aid Awarded

Elizabethtown College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$46.565M

Financial Aid Official Website

www.etown.edu/admissions/financial-aid

Among them are scholarship programs such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Dean's Award, and Joseph P. Gavenonis Scholarship. It is interesting to note that almost every student at EC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,640,636. At EC, the total percentage of applicants who receive the Federal Grant stands at 20%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 20% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,494, the State Grant receivers and Institution Grant beneficiaries get $3,515 and $29,732, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,323. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Elizabethtown College, the percentage of candidates who opt to avail of student loans is around 76%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

29%

Institution Grant Aid

100%

Pell Grant

20%

Average Aid Awarded

Federal Grant Aid

$4,788

State Grant Aid

$3,268

Institution Grant Aid

$27,873

Pell Grant

$4,156

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$37,578

$30,001 - $48,000

$33,615

$48,001 - $75,000

$34,436

$75,001 - $110,000

$30,948

Over $110,000

$27,767

Student Loans for Elizabethtown College

Average Loan Amount Average Loan Amount received per year.

$9,452/Year

Students Taking Out Loans

76%

Loan Default Rate

3.5%

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