$4,957

Avg. Federal Grant

$5,178

Avg. Federal Loan

$11,511,580

Total Aid Awarded

Olympic College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

29%

Total Aid Amount Average Total Aid Awarded per year.

$11.512M

Financial Aid Official Website

www.olympic.edu/Students/GettingStarted/FinancialAid/

Notably, 45% of the students at Olympic College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,021,242. At OC, the total percentage of applicants who receive the Federal Grant stands at 27%. In comparison, 36% of the students are awarded the Student Grant, 8% get the Institution Grant, and 25% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,336, and the same stands at $2,471 for State Grant awardees and $1,915 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,319. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 6% of the applicants to Olympic College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

24%

Institution Grant Aid

6%

Pell Grant

30%

Average Aid Awarded

Federal Grant Aid

$4,957

State Grant Aid

$3,140

Institution Grant Aid

$2,683

Pell Grant

$4,526

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,986

$30,001 - $48,000

$6,164

$48,001 - $75,000

$4,899

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Olympic College

Average Loan Amount Average Loan Amount received per year.

$5,530/Year

Students Taking Out Loans

7%

Loan Default Rate

17.8%

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