$4,111

Avg. Federal Grant

$7,112

Avg. Federal Loan

$11,899,610

Total Aid Awarded

Jersey College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$11.900M

Financial Aid Official Website

www.jerseycollege.edu/financial-aid/

It is interesting to note that, every year, around 91% of students at JC receive some kind of financial aid, while the total amount of assistance/loans provided is $32,082,602. Notably, a total of 79% of the applicants to Jersey College receive the Federal Grant every year. In comparison, 79% of the students get the Student Grant, and 79% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,218. 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. 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. Candidates are also required to repay these loans within a given period. At Jersey College, the percentage of candidates who opt to avail of student loans is around 89%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

4%

Institution Grant Aid

N/A

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$4,111

State Grant Aid

$2,327

Institution Grant Aid

N/A

Pell Grant

$4,111

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,026

$30,001 - $48,000

$4,034

$48,001 - $75,000

$2,748

$75,001 - $110,000

$258

Over $110,000

$489

Student Loans for Jersey College

Average Loan Amount Average Loan Amount received per year.

$7,360/Year

Students Taking Out Loans

80%

Loan Default Rate

2.6%

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