$4,730

Avg. Federal Grant

$5,794

Avg. Federal Loan

$2,565,224

Total Aid Awarded

Johnson College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$2.565M

Financial Aid Official Website

https://www.johnson.edu/prospective-students/financial-aid/

Students can avail of scholarships provided by the college, such as Joseph P. Gavenonis Scholarship and Technology Scholarship, if they find educational expenses to be on the higher side. As many as 95% of the students at JC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,296,688 in a year. One can visit JC's financial aid page at https://www.johnson.edu/prospective-students/financial-aid/ for more information. The total percentage of candidates applying to Johnson College who receive the Federal Grant is 61%. In comparison, 90% of the students are awarded the Student Grant, 41% get the Institution Grant, and 60% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,208, while the same comes to $3,805 for State Grant receivers and $1,665 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,534. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $7,742 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $8,380 and $5,173, respectively. On the other hand, the average federal aid stands at $2,210 for those with an annual family income between $75,001 and $110,000, and at $908 for an income more than $110,000. 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. Every year, around 83% of the applicants to Johnson College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

58%

Institution Grant Aid

24%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$4,730

State Grant Aid

$4,074

Institution Grant Aid

$2,128

Pell Grant

$4,195

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,390

$30,001 - $48,000

$7,526

$48,001 - $75,000

$5,977

$75,001 - $110,000

$3,791

Over $110,000

$193

Student Loans for Johnson College

Average Loan Amount Average Loan Amount received per year.

$7,130/Year

Students Taking Out Loans

77%

Loan Default Rate

12.4%

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