$3,933

Avg. Federal Grant

$5,038

Avg. Federal Loan

$5,015,325

Total Aid Awarded

Florida College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$5.015M

Financial Aid Official Website

www.floridacollege.edu/

As many as 99% of the students at FC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,824,465 in a year. For additional information about financial assistance schemes, one can head over to FC’s financial aid page at http://www.floridacollege.edu/. The total percentage of candidates applying to Florida College who receive the Federal Grant is 33%. On the other hand, 94% of the candidates get the Student Grant, 88% receive the Institution Grant, and 33% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,633, the State Grant receivers and Institution Grant beneficiaries get $5,232 and $6,379, respectively. And, for the Pell Grant awardees, the average aid amount is $4,402. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $12,444 in a year. The average aid amount stands at $10,959 for an annual family income between $30,001 and $48,000. This amount comes to $9,101 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $3,675 for those with an annual family income between $75,001 and $110,000, and at $5,169 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Florida College, the percentage of candidates who opt to avail of student loans is around 68%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

44%

Institution Grant Aid

88%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$3,933

State Grant Aid

$4,475

Institution Grant Aid

$5,401

Pell Grant

$3,839

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,083

$30,001 - $48,000

$10,453

$48,001 - $75,000

$10,381

$75,001 - $110,000

$6,608

Over $110,000

$5,959

Student Loans for Florida College

Average Loan Amount Average Loan Amount received per year.

$5,548/Year

Students Taking Out Loans

66%

Loan Default Rate

2.3%

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