$5,003

Avg. Federal Grant

$5,904

Avg. Federal Loan

$17,681,242

Total Aid Awarded

Goshen College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$17.681M

Financial Aid Official Website

www.goshen.edu/financialaid

Such schemes include Alice Ann Garner Scholarship, Alumni Grant, Amy L. McKee-Everett Memorial Scholarship, and Birds Eye Foods (Brooks Foods) Scholarship. Interestingly, almost all of the students at GC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,382,350 in a year. For additional information about financial assistance schemes, one can head over to GC’s financial aid page at http://www.goshen.edu/financialaid. The total percentage of candidates applying to Goshen College who receive the Federal Grant is 38%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,546, while the same comes to $7,381 for State Grant receivers and $21,048 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,311. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $26,451 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $28,044, while those falling in the $48,001-$75,000 income category get $25,569 a year. On the other hand, the average federal aid stands at $22,498 for those with an annual family income between $75,001 and $110,000, and at $19,222 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. Every year, around 68% of the applicants to Goshen College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

29%

Institution Grant Aid

100%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$5,003

State Grant Aid

$7,014

Institution Grant Aid

$21,006

Pell Grant

$4,022

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,490

$30,001 - $48,000

$28,709

$48,001 - $75,000

$26,506

$75,001 - $110,000

$26,345

Over $110,000

$21,812

Student Loans for Goshen College

Average Loan Amount Average Loan Amount received per year.

$7,320/Year

Students Taking Out Loans

69%

Loan Default Rate

2.4%

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