$5,052

Avg. Federal Grant

$5,423

Avg. Federal Loan

$455,626

Total Aid Awarded

Grace College of Divinity (GCD) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$455.626K

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 80% of students at GCD receive some kind of financial aid, while the total amount of assistance/loans provided is $174,577. At GCD, the total percentage of applicants who receive the Federal Grant stands at 20%. In comparison, 60% of the students are awarded the Student Grant, 40% get the Institution Grant, and 20% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,524. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Grace College of Divinity, the percentage of candidates who opt to avail of student loans is around 40%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

N/A

Institution Grant Aid

21%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$5,052

State Grant Aid

N/A

Institution Grant Aid

$967

Pell Grant

$5,052

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,837

$30,001 - $48,000

$2,570

$48,001 - $75,000

$2,590

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Grace College of Divinity (GCD)

Average Loan Amount Average Loan Amount received per year.

$5,423/Year

Students Taking Out Loans

50%

Loan Default Rate

9.7%

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