$3,836

Avg. Federal Grant

$6,302

Avg. Federal Loan

$4,164,612

Total Aid Awarded

Galen College of Nursing Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$4.165M

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 92% of students at GCNTB receive some kind of financial aid, while the total amount of assistance/loans provided is $14,864,935. Notably, a total of 67% of the applicants to Galen College of Nursing-Tampa Bay receive the Federal Grant every year. Meanwhile, 68% of the applicants receive the Student Grant and 1% are awarded the Institution Grant, while 67% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,481. 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. 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 89% of the applicants to Galen College of Nursing-Tampa Bay opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

15%

Institution Grant Aid

1%

Pell Grant

73%

Average Aid Awarded

Federal Grant Aid

$3,836

State Grant Aid

$4,916

Institution Grant Aid

$1,500

Pell Grant

$3,745

The financial aid breakdown focuses on the  federal, state and institutional grants with reasonable figures:

  • Federal Grants: This serves 73% of the students with an average aid of $3,836.

  • Pell Grants: This serves 73% of the students with an average aid of $3,745.

  • State Grants: This serves 15% of the students with an average aid of $4,916.

  • Institutional Grants: This serves 1% of the students with an average aid of $1,500.

On an average, $6,302 of federal loans is offered by Galen College of Nursing to support the students financially.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,012

$30,001 - $48,000

$1,233

$48,001 - $75,000

$1,916

$75,001 - $110,000

N/A

Over $110,000

N/A

The students studying at Galen College of Nursing are segmented into three divisions of family income, based on which the amounts are allotted. The lowest income group among the three has a range of $0 to $30,000 which receives an award of $4,012, followed by the next group, $30,001 to $48,000 range which receives $1,233

The last group with income ranging $48,001 to $75,000, receives financial aid of $1,916.

Student Loans for Galen College of Nursing

Average Loan Amount Average Loan Amount received per year.

$6,707/Year

Students Taking Out Loans

91%

Loan Default Rate

N/A

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