$4,824

Avg. Federal Grant

$5,753

Avg. Federal Loan

$10,815,717

Total Aid Awarded

Emmanuel College (EC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$10.816M

Financial Aid Official Website

www.ec.edu/aid

It is interesting to note that, every year, around 93% of students at EC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,298,527. The total percentage of candidates applying to Emmanuel College who receive the Federal Grant is 39%. Meanwhile, 93% of the applicants receive the Student Grant and 84% are awarded the Institution Grant, while 39% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,028, and the same stands at $3,326 for State Grant awardees and $8,661 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,761. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At EC, an estimated number of 63% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

64%

Institution Grant Aid

88%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,824

State Grant Aid

$3,418

Institution Grant Aid

$8,623

Pell Grant

$4,761

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,485

$30,001 - $48,000

$14,464

$48,001 - $75,000

$12,443

$75,001 - $110,000

$9,564

Over $110,000

$8,506

Student Loans for Emmanuel College (EC)

Average Loan Amount Average Loan Amount received per year.

$6,241/Year

Students Taking Out Loans

66%

Loan Default Rate

17.5%

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