$5,664

Avg. Federal Grant

$4,750

Avg. Federal Loan

$15,354,142

Total Aid Awarded

Jackson College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$15.354M

Financial Aid Official Website

https://www.jccmi.edu/financial-aid/

Among them are scholarship programs such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship. As many as 90% of the students at JC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,410,625 in a year. For additional information about financial assistance schemes, one can head over to JC’s financial aid page at https://www.jccmi.edu/financial-aid/. Notably, a total of 70% of the applicants to Jackson College receive the Federal Grant every year. Meanwhile, 82% of the applicants receive the Student Grant and 19% are awarded the Institution Grant, while 70% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,781, the State Grant receivers and Institution Grant beneficiaries get $4,402 and $2,128, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,951. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At JC, an estimated number of 43% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

31%

Institution Grant Aid

15%

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$5,664

State Grant Aid

$4,025

Institution Grant Aid

$1,592

Pell Grant

$5,601

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,257

$30,001 - $48,000

$7,342

$48,001 - $75,000

$3,900

$75,001 - $110,000

$1,080

Over $110,000

$689

Student Loans for Jackson College

Average Loan Amount Average Loan Amount received per year.

$4,750/Year

Students Taking Out Loans

38%

Loan Default Rate

19.2%

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