Harcum College Financial Aid and Scholarships
Students Receiving Aid
88%
Total Aid Amount
$14.723M
Financial Aid Official Website
www.harcum.edu
Students can avail of scholarships provided by the college, such as Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, Technology Scholarship, and Transfer Student Tuition Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 89% of students at HC receive some kind of financial aid, while the total amount of assistance/loans provided is $7,423,750. For additional information about financial assistance schemes, one can head over to HC’s financial aid page at http://www.harcum.edu. Notably, a total of 69% of the applicants to Harcum College receive the Federal Grant every year. Meanwhile, 86% of the applicants receive the Student Grant and 86% are awarded the Institution Grant, while 69% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,131, while the same comes to $3,616 for State Grant receivers and $8,613 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,606. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $15,292 per year. The average aid amount stands at $13,796 for an annual family income between $30,001 and $48,000. This amount comes to $11,912 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $9,993 for those with an annual family income between $75,001 and $110,000, and at $5,521 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. Candidates are also required to repay these loans within a given period. At HC, an estimated number of 80% of the applicants choose to go for student loans.
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