$4,775

Avg. Federal Grant

$5,220

Avg. Federal Loan

$14,617,016

Total Aid Awarded

Goldey-Beacom College (GBC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$14.617M

Financial Aid Official Website

www.gbc.edu/admissions/tuition-and-financial-aid/financial-aid.html

Such schemes include Carnegie Dartlet $10,000 Scholarship, Christa McAuliffe Teacher Scholarship Loan, Community Service Scholarship for Multicultural Students, and Delaware Nursing Incentive Scholarship Loan. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,867,144. One can visit GBC's financial aid page at http://www.gbc.edu/admissions/tuition-and-financial-aid/financial-aid.html for more information. Notably, a total of 52% of the applicants to Goldey-Beacom College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 52% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,927, while the same comes to $421 for State Grant receivers and $18,458 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,744. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $23,703 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $24,520 and $22,902, respectively. Those with an annual income level of $75,001-$110,000 would receive $19,165, while candidates with more than $110,000 of family income receive an average federal aid of $20,157. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 52% of the applicants to Goldey-Beacom College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

4%

Institution Grant Aid

100%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,775

State Grant Aid

$589

Institution Grant Aid

$18,822

Pell Grant

$4,531

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,540

$30,001 - $48,000

$25,230

$48,001 - $75,000

$22,934

$75,001 - $110,000

$20,265

Over $110,000

$19,714

Student Loans for Goldey-Beacom College (GBC)

Average Loan Amount Average Loan Amount received per year.

$5,316/Year

Students Taking Out Loans

54%

Loan Default Rate

6%