$4,637

Avg. Federal Grant

$5,455

Avg. Federal Loan

$7,460,148

Total Aid Awarded

Greensboro College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

85%

Total Aid Amount Average Total Aid Awarded per year.

$7.460M

Financial Aid Official Website

www.greensboro.edu/financial-aid/

Students can avail of scholarships provided by the college, such as Academic Competitiveness Grant, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and Dottie Martin Teacher's Scholarship, if they find educational expenses to be on the higher side. 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 $4,205,843 in a year. One can visit GC's financial aid page at http://www.greensboro.edu/financial-aid/ for more information. Notably, a total of 53% of the applicants to Greensboro College receive the Federal Grant every year. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 53% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,296, and the same stands at $4,702 for State Grant awardees and $16,555 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,000. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $11,479 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $10,066, while those falling in the $48,001-$75,000 income category get $8,929 a year. Those with an annual income level of $75,001-$110,000 would receive $3,984, while candidates with more than $110,000 of family income receive an average federal aid of $9,889. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At GC, an estimated number of 77% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

48%

Institution Grant Aid

100%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,637

State Grant Aid

$4,580

Institution Grant Aid

$15,091

Pell Grant

$4,245

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,301

$30,001 - $48,000

$22,245

$48,001 - $75,000

$24,208

$75,001 - $110,000

$19,524

Over $110,000

$12,390

Student Loans for Greensboro College

Average Loan Amount Average Loan Amount received per year.

$7,991/Year

Students Taking Out Loans

83%

Loan Default Rate

15.5%

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