$4,900

Avg. Federal Grant

$5,549

Avg. Federal Loan

$31,765,328

Total Aid Awarded

Gordon College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$31.765M

Financial Aid Official Website

www.gordon.edu/sfs

It is interesting to note that almost every student at GC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,609,770. At GC, the total percentage of applicants who receive the Federal Grant stands at 26%. Meanwhile, 100% of the applicants receive the Student Grant and 96% are awarded the Institution Grant, while 26% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,204, the State Grant receivers and Institution Grant beneficiaries get $2,305 and $20,934, respectively. And, for the Pell Grant awardees, the average aid amount is $4,382. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Gordon College, the percentage of candidates who opt to avail of student loans is around 85%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

14%

Institution Grant Aid

97%

Pell Grant

25%

Average Aid Awarded

Federal Grant Aid

$4,900

State Grant Aid

$1,965

Institution Grant Aid

$19,689

Pell Grant

$4,325

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,626

$30,001 - $48,000

$27,124

$48,001 - $75,000

$27,382

$75,001 - $110,000

$23,270

Over $110,000

$19,230

Student Loans for Gordon College

Average Loan Amount Average Loan Amount received per year.

$8,400/Year

Students Taking Out Loans

80%

Loan Default Rate

2.2%

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