$4,925

Avg. Federal Grant

$5,416

Avg. Federal Loan

$60,772,084

Total Aid Awarded

Elmhurst College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$60.772M

Financial Aid Official Website

www.elmhurst.edu/admission/financial-aid/

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 $10,964,133. At EC, the total percentage of applicants who receive the Federal Grant stands at 45%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 45% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,802, the State Grant receivers and Institution Grant beneficiaries get $4,531 and $20,527, respectively. And, for the Pell Grant awardees, the average aid amount is $4,342. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Elmhurst College, the percentage of candidates who opt to avail of student loans is around 70%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

41%

Institution Grant Aid

100%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,925

State Grant Aid

$4,643

Institution Grant Aid

$19,345

Pell Grant

$4,566

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,960

$30,001 - $48,000

$27,609

$48,001 - $75,000

$25,754

$75,001 - $110,000

$21,618

Over $110,000

$18,243

Student Loans for Elmhurst College

Average Loan Amount Average Loan Amount received per year.

$7,343/Year

Students Taking Out Loans

72%

Loan Default Rate

3.2%

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