$5,982

Avg. Federal Grant

$7,172

Avg. Federal Loan

$17,060,565

Total Aid Awarded

Goodwin College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$17.061M

Financial Aid Official Website

www.goodwin.edu/financial-aid/

It is interesting to note that, every year, around 98% of students at GC receive some kind of financial aid, while the total amount of assistance/loans provided is $21,841,778. At GC, the total percentage of applicants who receive the Federal Grant stands at 63%. Meanwhile, 98% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 63% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,684, while the same comes to $2,268 for State Grant receivers and $11,338 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,235. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. At GC, an estimated number of 75% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

44%

Institution Grant Aid

97%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$5,982

State Grant Aid

$2,217

Institution Grant Aid

$9,403

Pell Grant

$5,637

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,542

$30,001 - $48,000

$15,368

$48,001 - $75,000

$13,965

$75,001 - $110,000

$9,090

Over $110,000

$9,551

Student Loans for Goodwin College

Average Loan Amount Average Loan Amount received per year.

$7,268/Year

Students Taking Out Loans

86%

Loan Default Rate

10.4%

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