$4,914

Avg. Federal Grant

$7,699

Avg. Federal Loan

$393,166

Total Aid Awarded

Forrest College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$393.166K

Financial Aid Official Website

www.forrestcollege.edu/financial-aid/

As many as 91% of the students at FC get some sort of financial aid, and the total amount of assistance/loans provided is more than $237,894 in a year. At FC, the total percentage of applicants who receive the Federal Grant stands at 91%. In comparison, 91% of the students get the Student Grant, and 91% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,780. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Forrest College, the percentage of candidates who opt to avail of student loans is around 82%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

93%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

93%

Average Aid Awarded

Federal Grant Aid

$4,914

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,761

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,157

$30,001 - $48,000

$4,105

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Forrest College

Average Loan Amount Average Loan Amount received per year.

$7,699/Year

Students Taking Out Loans

100%

Loan Default Rate

29.3%

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