$4,337

Avg. Federal Grant

$4,513

Avg. Federal Loan

$8,984,422

Total Aid Awarded

Jefferson College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$8.984M

Financial Aid Official Website

www.jeffco.edu/future-students/financial-aid#.W2sehdVKhpg

As many as 88% of the students at JC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,933,684 in a year. One can visit JC's financial aid page at http://www.jeffco.edu/future-students/financial-aid#.W2sehdVKhpg for more information. Notably, a total of 44% of the applicants to Jefferson College receive the Federal Grant every year. In comparison, 84% of the students are awarded the Student Grant, 13% get the Institution Grant, and 44% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,294, while the same comes to $2,281 for State Grant receivers and $4,170 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,639. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. At JC, an estimated number of 11% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

56%

Institution Grant Aid

12%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$4,337

State Grant Aid

$2,094

Institution Grant Aid

$3,411

Pell Grant

$4,284

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,296

$30,001 - $48,000

$5,101

$48,001 - $75,000

$3,048

$75,001 - $110,000

$1,732

Over $110,000

$1,305

Student Loans for Jefferson College

Average Loan Amount Average Loan Amount received per year.

$4,530/Year

Students Taking Out Loans

13%

Loan Default Rate

15.7%

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