$4,871

Avg. Federal Grant

$4,539

Avg. Federal Loan

$3,523,885

Total Aid Awarded

Galveston College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

42%

Total Aid Amount Average Total Aid Awarded per year.

$3.524M

Financial Aid Official Website

https://www.gc.edu/financial-aid/

Among them are scholarship programs such as Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. As many as 69% of the students at GC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,274,809 in a year. The total percentage of candidates applying to Galveston College who receive the Federal Grant is 52%. On the other hand, 67% of the candidates get the Student Grant, 25% receive the Institution Grant, and 52% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,485, and the same stands at $754 for State Grant awardees and $1,949 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,168. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 7% of the applicants to Galveston College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

20%

Institution Grant Aid

28%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,871

State Grant Aid

$809

Institution Grant Aid

$3,000

Pell Grant

$4,819

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,874

$30,001 - $48,000

$5,252

$48,001 - $75,000

$3,842

$75,001 - $110,000

$1,800

Over $110,000

N/A

Student Loans for Galveston College

Average Loan Amount Average Loan Amount received per year.

$4,539/Year

Students Taking Out Loans

10%

Loan Default Rate

15.2%

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