$5,545

Avg. Federal Grant

$6,004

Avg. Federal Loan

$40,851,860

Total Aid Awarded

Saint Vincent College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$40.852M

Financial Aid Official Website

https://www.stvincent.edu/admission-aid

Such schemes include Academic Merit Scholarship, Alex G. McKenna Economic and Policy Scholarship, Benedictine Grant, and Benedictine High School Grant. Interestingly, almost all of the students at SVC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $7,707,816 in a year. One can visit SVC's financial aid page at https://www.stvincent.edu/admission-aid for more information. Notably, a total of 30% of the applicants to Saint Vincent College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 30% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,529, the State Grant receivers and Institution Grant beneficiaries get $3,191 and $24,842, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,678. 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 $31,938 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $31,595 and $26,547, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $24,330. And, for those with a family income of more than $110,000, the amount stands at $21,084. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At SVC, an estimated number of 81% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

37%

Institution Grant Aid

100%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$5,545

State Grant Aid

$3,464

Institution Grant Aid

$23,657

Pell Grant

$4,912

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$33,361

$30,001 - $48,000

$32,344

$48,001 - $75,000

$27,311

$75,001 - $110,000

$25,127

Over $110,000

$22,057

Student Loans for Saint Vincent College

Average Loan Amount Average Loan Amount received per year.

$8,263/Year

Students Taking Out Loans

78%

Loan Default Rate

4%

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