$6,445

Avg. Federal Grant

$5,956

Avg. Federal Loan

$143,883,608

Total Aid Awarded

Ithaca College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$143.884M

Financial Aid Official Website

www.ithaca.edu/finaid/

It is interesting to note that, every year, around 97% of students at IC receive some kind of financial aid, while the total amount of assistance/loans provided is $26,745,599. More information regarding the financial assistance schemes can be accessed on IC’s official financial aid page at http://www.ithaca.edu/finaid/. Notably, a total of 22% of the applicants to Ithaca College receive the Federal Grant every year. On the other hand, 95% of the candidates get the Student Grant, 95% receive the Institution Grant, and 21% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,952, and the same stands at $3,030 for State Grant awardees and $25,526 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,822. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $38,413 on average in a year. The average aid amount stands at $35,337 for an annual family income between $30,001 and $48,000. This amount comes to $30,133 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $25,303 for those with an annual family income between $75,001 and $110,000, and at $19,572 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At IC, an estimated number of 72% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

19%

Institution Grant Aid

95%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$6,445

State Grant Aid

$3,294

Institution Grant Aid

$24,408

Pell Grant

$4,636

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$41,358

$30,001 - $48,000

$35,472

$48,001 - $75,000

$31,242

$75,001 - $110,000

$28,587

Over $110,000

$21,515

Student Loans for Ithaca College

Average Loan Amount Average Loan Amount received per year.

$5,956/Year

Students Taking Out Loans

72%

Loan Default Rate

2.1%

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