$4,647

Avg. Federal Grant

$5,678

Avg. Federal Loan

$42,626,213

Total Aid Awarded

Hope College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$42.626M

Financial Aid Official Website

https://www.hope.edu/admin/finaid

Among them are scholarship programs such as Alumni Honors Scholarship, Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, and Bay City Civitan/Marcella Barber Scholarship. Notably, 96% of the students at Hope College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,479,462. For additional information about financial assistance schemes, one can head over to HC’s financial aid page at https://www.hope.edu/admin/finaid. Notably, a total of 21% of the applicants to Hope College receive the Federal Grant every year. In comparison, 95% of the students are awarded the Student Grant, 95% get the Institution Grant, and 20% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,653, the State Grant receivers and Institution Grant beneficiaries get $2,339 and $15,765, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,305. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $28,335 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $27,916, while those falling in the $48,001-$75,000 income category get $24,060 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $17,527. And, for those with a family income of more than $110,000, the amount stands at $10,133. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 53% of the applicants to Hope College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

36%

Institution Grant Aid

97%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$4,647

State Grant Aid

$1,945

Institution Grant Aid

$15,687

Pell Grant

$4,197

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,436

$30,001 - $48,000

$28,677

$48,001 - $75,000

$24,607

$75,001 - $110,000

$19,307

Over $110,000

$12,644

Student Loans for Hope College

Average Loan Amount Average Loan Amount received per year.

$7,864/Year

Students Taking Out Loans

59%

Loan Default Rate

2%

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