$5,388

Avg. Federal Grant

$6,156

Avg. Federal Loan

$17,855,844

Total Aid Awarded

Hiram College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$17.856M

Financial Aid Official Website

www.hiram.edu/finaid/

Students can avail of scholarships provided by the college, such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Dr. Allen Smith Memorial Scholarship, and Education Foundation Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at HC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,895,292. More information regarding the financial assistance schemes can be accessed on HC’s official financial aid page at http://www.hiram.edu/finaid/. Notably, a total of 55% of the applicants to Hiram College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,606, and the same stands at $3,169 for State Grant awardees and $22,827 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,478. 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 $28,588 per year. The average aid amount stands at $25,157 for an annual family income between $30,001 and $48,000. This amount comes to $26,720 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $20,509. And, for those with a family income of more than $110,000, the amount stands at $16,694. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 83% of the applicants to Hiram College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

38%

Institution Grant Aid

100%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$5,388

State Grant Aid

$3,063

Institution Grant Aid

$20,839

Pell Grant

$4,594

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,469

$30,001 - $48,000

$28,513

$48,001 - $75,000

$26,471

$75,001 - $110,000

$22,758

Over $110,000

$18,140

Student Loans for Hiram College

Average Loan Amount Average Loan Amount received per year.

$7,537/Year

Students Taking Out Loans

86%

Loan Default Rate

7.8%

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