$5,121

Avg. Federal Grant

$5,492

Avg. Federal Loan

$40,827,777

Total Aid Awarded

Goucher College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$40.828M

Financial Aid Official Website

www.goucher.edu/financial-aid

Such schemes include Carnegie Dartlet $10,000 Scholarship, Christa McAuliffe Scholarship, Community Service Scholarship for Multicultural Students, and Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program. 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 $8,635,379. Notably, a total of 30% of the applicants to Goucher College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 30% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,319, the State Grant receivers and Institution Grant beneficiaries get $7,281 and $28,830, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,702. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At GC, an estimated number of 62% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

29%

State Grant Aid

13%

Institution Grant Aid

99%

Pell Grant

29%

Average Aid Awarded

Federal Grant Aid

$5,121

State Grant Aid

$9,871

Institution Grant Aid

$27,316

Pell Grant

$4,625

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$43,409

$30,001 - $48,000

$38,161

$48,001 - $75,000

$36,108

$75,001 - $110,000

$33,490

Over $110,000

$24,770

Student Loans for Goucher College

Average Loan Amount Average Loan Amount received per year.

$7,303/Year

Students Taking Out Loans

60%

Loan Default Rate

4.1%

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