$5,080

Avg. Federal Grant

$4,172

Avg. Federal Loan

$58,306,525

Total Aid Awarded

Franklin and Marshall College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$58.307M

Financial Aid Official Website

www.fandm.edu/financialaid

Notably, 61% of the students at Franklin and Marshall College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,453,775. At FMC, the total percentage of applicants who receive the Federal Grant stands at 18%. On the other hand, 55% of the candidates get the Student Grant, 55% receive the Institution Grant, and 18% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,323, while the same comes to $3,745 for State Grant receivers and $43,734 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,981. 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. Candidates are also required to repay these loans within a given period. Every year, around 49% of the applicants to Franklin and Marshall College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

9%

Institution Grant Aid

58%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$5,080

State Grant Aid

$3,919

Institution Grant Aid

$45,126

Pell Grant

$4,625

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$61,830

$30,001 - $48,000

$57,228

$48,001 - $75,000

$51,337

$75,001 - $110,000

$44,411

Over $110,000

$27,977

Student Loans for Franklin and Marshall College

Average Loan Amount Average Loan Amount received per year.

$6,479/Year

Students Taking Out Loans

49%

Loan Default Rate

0.9%

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