$4,953

Avg. Federal Grant

$4,648

Avg. Federal Loan

$6,668,862

Total Aid Awarded

Florida Gateway College (FGC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

42%

Total Aid Amount Average Total Aid Awarded per year.

$6.669M

Financial Aid Official Website

https://www.fgc.edu/students/tuition-and-financial-aid/

It is interesting to note that, every year, around 80% of students at FGC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,330,598. One can visit FGC's financial aid page at https://www.fgc.edu/students/tuition-and-financial-aid/ for more information. At FGC, the total percentage of applicants who receive the Federal Grant stands at 54%. In comparison, 74% of the students are awarded the Student Grant, 20% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,507, while the same comes to $2,086 for State Grant receivers and $1,356 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,302. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 Florida Gateway College, the percentage of candidates who opt to avail of student loans is around 16%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

53%

Institution Grant Aid

33%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$4,953

State Grant Aid

$2,138

Institution Grant Aid

$1,021

Pell Grant

$4,875

It is a basic necessity to recognize what number of students get certain aids since it gives the students a good idea on what's in store for them in terms of each type of financial aid. Everybody is prepared for government help the moment they apply for the school through FAFSA, yet an immense point to raise are for whom it is for and which particular aid suits them best.

Regarding grants, students discover the chance to take up various financial aids; government, institutional, or state grants. As per the records seen previously, 53% of the students are conceded Federal Grant Aid which shows a run of the mill of $4,953. For all intents and purposes 53% of the students get Pell Grants which mean a measure of around $4,875. By and large 53% of the students are equipped for state grants at a measure of around $2,138 though 33% of the students get institutional distinctions which mean a measure of around $1,021.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,297

$30,001 - $48,000

$6,788

$48,001 - $75,000

$5,180

$75,001 - $110,000

$467

Over $110,000

$300

This breakdown is done as federal aid depends to a great extent upon the pay of the student or the student's family. It is separated into 5 assorted family pay types to help choose the proportion of government help you may get when set against your family compensation.

The financial aid for the Family Income reaching out between $0 to $30,000 stands at about $8,297. A slight change is seen when we see that the aid given is $6,788 to levels of pay between $30,000 to $48,000. For cash range, $48,001 to $75,000, the aid given is $5,180. Finally, we have pay ranges $75,000 to $110,000 and $110,000 or more that give about $467 and $300 worth of money related aid, respectively.

Student Loans for Florida Gateway College (FGC)

Average Loan Amount Average Loan Amount received per year.

$4,567/Year

Students Taking Out Loans

28%

Loan Default Rate

11.3%

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