Elmira College Financial Aid and Scholarships
Students Receiving Aid
92%
Total Aid Amount
$24.537M
Financial Aid Official Website
https://www.elmira.edu/admissions-aid/Tuition_Aid/Financial_Aid_Staff.html
Students can avail of scholarships provided by the college, such as Achievement Scholarship for Transfer Students, Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, and Carnegie Dartlet $10,000 Scholarship, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at EC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $4,470,803 in a year. For additional information about financial assistance schemes, one can head over to EC’s financial aid page at https://www.elmira.edu/admissions-aid/Tuition_Aid/Financial_Aid_Staff.html. At EC, the total percentage of applicants who receive the Federal Grant stands at 34%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 34% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,831, and the same stands at $2,638 for State Grant awardees and $28,743 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,652. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $31,944 in a year. The average aid amount stands at $32,262 for an annual family income between $30,001 and $48,000. This amount comes to $29,023 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $26,109 for those with an annual family income between $75,001 and $110,000, and at $24,871 for an income more than $110,000. 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 EC, an estimated number of 80% of the applicants choose to go for student loans.
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