$4,290

Avg. Federal Grant

$5,967

Avg. Federal Loan

$1,281,297

Total Aid Awarded

Empire College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$1.281M

Financial Aid Official Website

www.empcol.edu

Notably, 85% of the students at Empire College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,500,525. The total percentage of candidates applying to Empire College who receive the Federal Grant is 60%. Meanwhile, 60% of the applicants receive the Student Grant and 15% are awarded the Institution Grant, while 60% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,381, while the same comes to $1,698 for State Grant receivers and $2,809 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,136. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 82% of the applicants to Empire College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

2%

Institution Grant Aid

16%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$4,290

State Grant Aid

$1,621

Institution Grant Aid

$3,824

Pell Grant

$4,203

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,752

$30,001 - $48,000

$4,969

$48,001 - $75,000

$4,657

$75,001 - $110,000

$2,890

Over $110,000

N/A

Student Loans for Empire College

Average Loan Amount Average Loan Amount received per year.

$5,455/Year

Students Taking Out Loans

82%

Loan Default Rate

4.1%

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