$5,140

Avg. Federal Grant

$9,708

Avg. Federal Loan

$14,722,846

Total Aid Awarded

Harcum College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

55%

Institution Grant Aid

95%

Pell Grant

73%

Average Aid Awarded

Federal Grant Aid

$5,140

State Grant Aid

$3,389

Institution Grant Aid

$7,189

Pell Grant

$4,745

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,821

$30,001 - $48,000

$12,235

$48,001 - $75,000

$12,852

$75,001 - $110,000

$7,214

Over $110,000

$2,958

Student Loans for Harcum College

Average Loan Amount Average Loan Amount received per year.

$10,862/Year

Students Taking Out Loans

82%

Loan Default Rate

15%

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