$5,016

Avg. Federal Grant

$5,915

Avg. Federal Loan

$42,228,613

Total Aid Awarded

Moravian College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$42.229M

Financial Aid Official Website

www.moravian.edu/admissions/applying-for-financial-aid

Students can avail of scholarships provided by the college, such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Joseph P. Gavenonis Scholarship, and Ohio College Opportunity Grant, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at MC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $10,468,764. Notably, a total of 29% of the applicants to Moravian College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 29% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,019, the State Grant receivers and Institution Grant beneficiaries get $3,270 and $25,904, respectively. And, for the Pell Grant awardees, the average aid amount is $4,638. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 81% of the applicants to Moravian College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

36%

Institution Grant Aid

100%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$5,016

State Grant Aid

$3,426

Institution Grant Aid

$22,858

Pell Grant

$4,503

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$31,707

$30,001 - $48,000

$30,788

$48,001 - $75,000

$27,532

$75,001 - $110,000

$25,242

Over $110,000

$22,320

Student Loans for Moravian College

Average Loan Amount Average Loan Amount received per year.

$9,117/Year

Students Taking Out Loans

94%

Loan Default Rate

3.5%

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