Knox College Financial Aid and Scholarships
Students Receiving Aid
99%
Total Aid Amount
$42.657M
Financial Aid Official Website
https://www.knox.edu/financialaid
It is interesting to note that almost every student at KC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $5,467,091. One can visit KC's financial aid page at https://www.knox.edu/financialaid for more information. The total percentage of candidates applying to Knox College who receive the Federal Grant is 37%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 37% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,059, and the same stands at $4,483 for State Grant awardees and $31,827 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,589. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $37,226 on average in a year. The average aid amount stands at $32,301 for an annual family income between $30,001 and $48,000. This amount comes to $34,505 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $30,713. And, for those with a family income of more than $110,000, the amount stands at $23,948. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 61% of the applicants to Knox College opt for student loans.
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