$4,713

Avg. Federal Grant

$5,670

Avg. Federal Loan

$7,210,065

Total Aid Awarded

Eureka College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$7.210M

Financial Aid Official Website

www.eureka.edu/admissions/financial-aid/

Among them are scholarship programs such as AMVETS Post #100 Scholarship, August & Edna Zahatko Scholarship, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students. 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 $2,788,589 in a year. More information regarding the financial assistance schemes can be accessed on EC’s official financial aid page at http://www.eureka.edu/admissions/financial-aid/. The total percentage of candidates applying to Eureka College who receive the Federal Grant is 46%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 46% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,298, and the same stands at $4,344 for State Grant awardees and $10,035 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,355. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $14,336 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $15,715, while those falling in the $48,001-$75,000 income category get $13,254 a year. On the other hand, the average federal aid stands at $10,805 for those with an annual family income between $75,001 and $110,000, and at $8,029 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Eureka College, the percentage of candidates who opt to avail of student loans is around 77%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

53%

Institution Grant Aid

100%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,713

State Grant Aid

$4,314

Institution Grant Aid

$9,607

Pell Grant

$4,534

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,186

$30,001 - $48,000

$18,004

$48,001 - $75,000

$15,884

$75,001 - $110,000

$10,097

Over $110,000

$10,211

Student Loans for Eureka College

Average Loan Amount Average Loan Amount received per year.

$8,507/Year

Students Taking Out Loans

80%

Loan Default Rate

6.1%

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