$4,901

Avg. Federal Grant

$5,475

Avg. Federal Loan

$2,295,721

Total Aid Awarded

Salem Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$2.296M

Financial Aid Official Website

salemcc.edu/financial-aid

Notably, 77% of the students at Salem Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $753,630. For additional information about financial assistance schemes, one can head over to SCC’s financial aid page at http://salemcc.edu/financial-aid. Notably, a total of 47% of the applicants to Salem Community College receive the Federal Grant every year. In comparison, 54% of the students are awarded the Student Grant, 1% get the Institution Grant, and 47% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,087. 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. 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. At SCC, an estimated number of 11% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

28%

Institution Grant Aid

2%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,901

State Grant Aid

$2,243

Institution Grant Aid

$2,021

Pell Grant

$4,763

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,918

$30,001 - $48,000

$5,655

$48,001 - $75,000

$2,409

$75,001 - $110,000

$892

Over $110,000

N/A

Student Loans for Salem Community College

Average Loan Amount Average Loan Amount received per year.

$5,452/Year

Students Taking Out Loans

12%

Loan Default Rate

10%

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