$4,587

Avg. Federal Grant

$5,376

Avg. Federal Loan

$9,439,181

Total Aid Awarded

Folsom Lake College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$9.439M

Financial Aid Official Website

www.flc.losrios.edu/student-services/student-aid/financial-aid

Such schemes include TVWS Scholarship. Notably, 80% of the students at Folsom Lake College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,175,711. One can visit FLC's financial aid page at http://www.flc.losrios.edu/student-services/student-aid/financial-aid for more information. Notably, a total of 29% of the applicants to Folsom Lake College receive the Federal Grant every year. In comparison, 80% of the students are awarded the Student Grant, 1% get the Institution Grant, and 29% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,536, and the same stands at $1,560 for State Grant awardees and $874 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,488. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 1% of the applicants to Folsom Lake College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

46%

Institution Grant Aid

N/A

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$4,587

State Grant Aid

$1,905

Institution Grant Aid

$486

Pell Grant

$4,407

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,997

$30,001 - $48,000

$6,428

$48,001 - $75,000

$4,596

$75,001 - $110,000

$2,595

Over $110,000

$521

Student Loans for Folsom Lake College

Average Loan Amount Average Loan Amount received per year.

$5,376/Year

Students Taking Out Loans

3%

Loan Default Rate

17.8%