$4,619

Avg. Federal Grant

$7,203

Avg. Federal Loan

$2,256,837

Total Aid Awarded

Fortis College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$2.257M

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 94% of students at FC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,884,561. The total percentage of candidates applying to Fortis College who receive the Federal Grant is 89%. In comparison, 91% of the students are awarded the Student Grant, 42% get the Institution Grant, and 89% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,290. 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. 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 FC, an estimated number of 82% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

95%

State Grant Aid

N/A

Institution Grant Aid

67%

Pell Grant

95%

Average Aid Awarded

Federal Grant Aid

$4,619

State Grant Aid

N/A

Institution Grant Aid

$500

Pell Grant

$4,566

As shown in the table the Federal and Pell grants have a high percentage as compared to other grants which is 95%  with an average aid of $4619 and $4566 respectively. The institution grant represents a percentage of only 67%  with an average aid of $500. 

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,371

$30,001 - $48,000

$4,515

$48,001 - $75,000

$3,319

$75,001 - $110,000

N/A

Over $110,000

N/A

As shown in the table, the families earning an income lower than $30,000 will get an aid of $4371 and the families whose income ranges from $48,001 to $75,000 will get an aid of $4515. 

Student Loans for Fortis College

Average Loan Amount Average Loan Amount received per year.

$7,203/Year

Students Taking Out Loans

85%

Loan Default Rate

20.6%

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