$4,946

Avg. Federal Grant

$5,481

Avg. Federal Loan

$38,168,961

Total Aid Awarded

Nazareth College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$38.169M

Financial Aid Official Website

https://www2.naz.edu/financial-aid

Among them are scholarship programs such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Class of 1928 Scholarship, and Dean's Scholarship. Interestingly, almost all of the students at NC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $11,513,888 in a year. Notably, a total of 24% of the applicants to Nazareth College receive the Federal Grant every year. In comparison, 98% of the students are awarded the Student Grant, 97% get the Institution Grant, and 23% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,814, the State Grant receivers and Institution Grant beneficiaries get $2,667 and $17,253, respectively. And, for the Pell Grant awardees, the average aid amount is $4,573. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 79% of the applicants to Nazareth College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

44%

Institution Grant Aid

98%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$4,946

State Grant Aid

$2,695

Institution Grant Aid

$16,228

Pell Grant

$4,527

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,459

$30,001 - $48,000

$28,222

$48,001 - $75,000

$19,829

$75,001 - $110,000

$16,848

Over $110,000

$15,205

Student Loans for Nazareth College

Average Loan Amount Average Loan Amount received per year.

$9,697/Year

Students Taking Out Loans

84%

Loan Default Rate

3.6%

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