$4,375

Avg. Federal Grant

$6,533

Avg. Federal Loan

$722,503

Total Aid Awarded

Gemological Institute of America Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

18%

Total Aid Amount Average Total Aid Awarded per year.

$722.503K

Financial Aid Official Website

www.gia.edu/gem-education

Students can avail of scholarships provided by the college, such as CCNMA Scholarship, Cal Grant A, Cal Grant B, and College Fee Waiver, if they find educational expenses to be on the higher side. Notably, 38% of the students at Gemological Institute of America-Carlsbad get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $275,008. The total percentage of candidates applying to Gemological Institute of America-Carlsbad who receive the Federal Grant is 22%. Meanwhile, 29% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 17% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,487. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At GIAC, an estimated number of 18% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

N/A

Institution Grant Aid

48%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,375

State Grant Aid

N/A

Institution Grant Aid

$13,228

Pell Grant

$4,118

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,275

$30,001 - $48,000

$7,068

$48,001 - $75,000

$24,856

$75,001 - $110,000

$7,333

Over $110,000

$5,250

Student Loans for Gemological Institute of America

Average Loan Amount Average Loan Amount received per year.

$8,205/Year

Students Taking Out Loans

46%

Loan Default Rate

10%

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