Eureka College Financial Aid and Scholarships
Students Receiving Aid
98%
Total Aid Amount
$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%.
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