$4,334

Avg. Federal Grant

$5,086

Avg. Federal Loan

$2,352,385

Total Aid Awarded

Garrett College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$2.352M

Financial Aid Official Website

www.garrettcollege.edu/financial-aid.php

Among them are scholarship programs such as Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, Edward T. Conroy Memorial Scholarship, and Graduate and Professional Scholarship. It is interesting to note that, every year, around 93% of students at GC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,803,444. Notably, a total of 56% of the applicants to Garrett College receive the Federal Grant every year. In comparison, 87% of the students are awarded the Student Grant, 54% get the Institution Grant, and 56% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,743, while the same comes to $2,458 for State Grant receivers and $2,747 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,284. 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. Every year, around 67% of the applicants to Garrett College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

21%

Institution Grant Aid

47%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,334

State Grant Aid

$2,177

Institution Grant Aid

$2,817

Pell Grant

$4,253

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,053

$30,001 - $48,000

$4,662

$48,001 - $75,000

$3,429

$75,001 - $110,000

$3,803

Over $110,000

$2,667

Student Loans for Garrett College

Average Loan Amount Average Loan Amount received per year.

$5,160/Year

Students Taking Out Loans

70%

Loan Default Rate

16.2%

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