$4,932

Avg. Federal Grant

$6,403

Avg. Federal Loan

$706,406

Total Aid Awarded

Great Lakes Christian College (GLCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$706.406K

Financial Aid Official Website

www.glcc.edu/admissions/financial-aid-scholarships/

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 $635,632. More information regarding the financial assistance schemes can be accessed on GLCC’s official financial aid page at http://www.glcc.edu/admissions/financial-aid-scholarships/. Notably, a total of 68% of the applicants to Great Lakes Christian College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 88% get the Institution Grant, and 68% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,028, the State Grant receivers and Institution Grant beneficiaries get $3,639 and $6,687, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,515. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $10,150 on average in a year. The average aid amount stands at $7,414 for an annual family income between $30,001 and $48,000. This amount comes to $14,621 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $7,343 for those with an annual family income between $75,001 and $110,000, and at $6,393 for an income more than $110,000. 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 Great Lakes Christian College, the percentage of candidates who opt to avail of student loans is around 60%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

83%

State Grant Aid

97%

Institution Grant Aid

93%

Pell Grant

80%

Average Aid Awarded

Federal Grant Aid

$4,932

State Grant Aid

$2,333

Institution Grant Aid

$4,815

Pell Grant

$4,882

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,790

$30,001 - $48,000

$15,852

$48,001 - $75,000

$13,077

$75,001 - $110,000

$6,199

Over $110,000

$6,287

Student Loans for Great Lakes Christian College (GLCC)

Average Loan Amount Average Loan Amount received per year.

$6,403/Year

Students Taking Out Loans

80%

Loan Default Rate

13.6%

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