Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

Houghton College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


As many as 99% of the students at HC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,401,585 in a year. More information regarding the financial assistance schemes can be accessed on HC’s official financial aid page at http://www.houghton.edu/financial-aid/. At HC, the total percentage of applicants who receive the Federal Grant stands at 51%. On the other hand, 98% of the candidates get the Student Grant, 92% receive the Institution Grant, and 51% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,490, the State Grant receivers and Institution Grant beneficiaries get $2,975 and $17,371, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,248. 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 $21,135 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,076, while those falling in the $48,001-$75,000 income category get $25,857 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $22,729. And, for those with a family income of more than $110,000, the amount stands at $21,318. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At HC, an estimated number of 66% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for Houghton College

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


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