$5,008

Avg. Federal Grant

$5,523

Avg. Federal Loan

$55,976,077

Total Aid Awarded

Florida Southern College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$55.976M

Financial Aid Official Website

www.flsouthern.edu/undergraduate/financial-aid.aspx

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $11,244,536. More information regarding the financial assistance schemes can be accessed on FSC’s official financial aid page at http://www.flsouthern.edu/undergraduate/financial-aid.aspx. The total percentage of candidates applying to Florida Southern College who receive the Federal Grant is 30%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 30% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,852, while the same comes to $7,421 for State Grant receivers and $20,024 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,500. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $25,447 in a year. The average aid amount stands at $24,355 for an annual family income between $30,001 and $48,000. This amount comes to $21,773 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $20,198 for those with an annual family income between $75,001 and $110,000, and at $19,734 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At FSC, an estimated number of 85% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

25%

State Grant Aid

59%

Institution Grant Aid

98%

Pell Grant

25%

Average Aid Awarded

Federal Grant Aid

$5,008

State Grant Aid

$6,255

Institution Grant Aid

$18,589

Pell Grant

$4,605

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,155

$30,001 - $48,000

$28,943

$48,001 - $75,000

$25,929

$75,001 - $110,000

$22,274

Over $110,000

$20,378

Student Loans for Florida Southern College

Average Loan Amount Average Loan Amount received per year.

$7,308/Year

Students Taking Out Loans

85%

Loan Default Rate

4.2%

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