$2,691

Avg. Federal Grant

$2,931

Avg. Federal Loan

$9,781,385

Total Aid Awarded

Erskine College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$9.781M

Financial Aid Official Website

visit.erskine.edu/apply/excellence-affordability/

Such schemes include C.G. Fuller Foundation Scholarship, Erskine College - Tuition Waiver Exchange Program, LinkScholars Program, and Palmetto Fellows 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 $1,349,554. Notably, a total of 43% of the applicants to Erskine College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 31% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $2,098, the State Grant receivers and Institution Grant beneficiaries get $3,645 and $14,340, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,393. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 Erskine College, the percentage of candidates who opt to avail of student loans is around 81%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

56%

Institution Grant Aid

100%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$2,691

State Grant Aid

$3,511

Institution Grant Aid

$13,728

Pell Grant

$2,400

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$30,862

$30,001 - $48,000

$19,756

$48,001 - $75,000

$12,756

$75,001 - $110,000

$17,460

Over $110,000

$13,338

Student Loans for Erskine College

Average Loan Amount Average Loan Amount received per year.

$3,343/Year

Students Taking Out Loans

72%

Loan Default Rate

4.7%

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