$3,479

Avg. Federal Grant

$5,562

Avg. Federal Loan

$25,064,468

Total Aid Awarded

Hondros College of Nursing Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$25.064M

Financial Aid Official Website

www.hondros.edu/how-to-pay/index.html

Notably, 94% of the students at Hondros College of Nursing get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $17,015,668. The total percentage of candidates applying to Hondros College of Nursing who receive the Federal Grant is 84%. On the other hand, 84% of the candidates get the Student Grant, while 84% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $7,127. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Candidates are also required to repay these loans within a given period. Every year, around 84% of the applicants to Hondros College of Nursing opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

85%

State Grant Aid

2%

Institution Grant Aid

N/A

Pell Grant

85%

Average Aid Awarded

Federal Grant Aid

$3,479

State Grant Aid

$9,213

Institution Grant Aid

N/A

Pell Grant

$3,444

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and federal grants with state grants having the highest percentage contribution of 2% with an average aid amount being $9,213. Federal grants have a percentage of 85% with an average aid amount of $3,479 which is higher than the pell grant aid average of $3,444.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,366

$30,001 - $48,000

$3,054

$48,001 - $75,000

$2,863

$75,001 - $110,000

$1,781

Over $110,000

N/A

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $3,366 while those with family income over $75,000 to $110,000 can expect to receive an aid amount of $1,781. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Hondros College of Nursing

Average Loan Amount Average Loan Amount received per year.

$5,742/Year

Students Taking Out Loans

82%

Loan Default Rate

11.3%

The student loan is a type of financial aid which has to be paid back within a stipulated time period. 82% of the students of Hondros College of Nursing opted for a student loan with a default rate of 11.3%. The average loan amount received by a student from Hondros College of Nursing is $5,742. 

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