$4,956

Avg. Federal Grant

$5,849

Avg. Federal Loan

$23,711,769

Total Aid Awarded

Newberry College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$23.712M

Financial Aid Official Website

https://www.newberry.edu/admission#tuition-and-aid

Notably, 99% of the students at Newberry College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,523,145. For additional information about financial assistance schemes, one can head over to NC’s financial aid page at https://www.newberry.edu/admission#tuition-and-aid. The total percentage of candidates applying to Newberry College who receive the Federal Grant is 56%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 56% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,042, the State Grant receivers and Institution Grant beneficiaries get $5,738 and $14,169, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,934. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $22,642 per year. The average aid amount stands at $23,234 for an annual family income between $30,001 and $48,000. This amount comes to $18,736 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $17,689 for those with an annual family income between $75,001 and $110,000, and at $17,303 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Newberry College, the percentage of candidates who opt to avail of student loans is around 94%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

73%

Institution Grant Aid

99%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,956

State Grant Aid

$5,816

Institution Grant Aid

$13,312

Pell Grant

$4,763

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,998

$30,001 - $48,000

$22,445

$48,001 - $75,000

$19,969

$75,001 - $110,000

$18,092

Over $110,000

$17,055

Student Loans for Newberry College

Average Loan Amount Average Loan Amount received per year.

$6,093/Year

Students Taking Out Loans

95%

Loan Default Rate

15.3%

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