$5,760

Avg. Federal Grant

$6,742

Avg. Federal Loan

$27,758,699

Total Aid Awarded

Hood College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$27.759M

Financial Aid Official Website

www.hood.edu/Financial-Aid.html

Such schemes include Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, Edward T. Conroy Memorial Scholarship, and Graduate and Professional Scholarship. Interestingly, almost all of the students at HC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,208,886 in a year. The total percentage of candidates applying to Hood College who receive the Federal Grant is 41%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 40% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,695, and the same stands at $5,549 for State Grant awardees and $26,188 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,977. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Hood College, the percentage of candidates who opt to avail of student loans is around 75%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

33%

Institution Grant Aid

99%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$5,760

State Grant Aid

$6,488

Institution Grant Aid

$24,831

Pell Grant

$5,070

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$39,872

$30,001 - $48,000

$35,449

$48,001 - $75,000

$31,109

$75,001 - $110,000

$25,704

Over $110,000

$21,146

Student Loans for Hood College

Average Loan Amount Average Loan Amount received per year.

$9,851/Year

Students Taking Out Loans

78%

Loan Default Rate

5.2%

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