Kalamazoo College Financial Aid and Scholarships
Students Receiving Aid
99%
Total Aid Amount
$44.734M
Financial Aid Official Website
www.kzoo.edu/admission/finaid/
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. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,481,937. For additional information about financial assistance schemes, one can head over to KC’s financial aid page at http://www.kzoo.edu/admission/finaid/. At KC, the total percentage of applicants who receive the Federal Grant stands at 26%. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 26% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,560, while the same comes to $2,241 for State Grant receivers and $32,983 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,623. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $44,289 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $44,352 and $38,948, respectively. Those with an annual income level of $75,001-$110,000 would receive $31,806, while candidates with more than $110,000 of family income receive an average federal aid of $24,136. 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 47% of the applicants to Kalamazoo College opt for student loans.
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