$6,649

Avg. Federal Grant

$9,500

Avg. Federal Loan

$2,278,876

Total Aid Awarded

Santa Barbara Business College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$2.279M

Financial Aid Official Website

sbbcollege.edu

Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. It is interesting to note that almost every student at SBBCB receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,279,302. At SBBCB, the total percentage of applicants who receive the Federal Grant stands at 95%. In comparison, 95% of the students get the Student Grant, and 95% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,084. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Santa Barbara Business College-Bakersfield, the percentage of candidates who opt to avail of student loans is around 86%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

81%

State Grant Aid

15%

Institution Grant Aid

12%

Pell Grant

81%

Average Aid Awarded

Federal Grant Aid

$6,649

State Grant Aid

$3,261

Institution Grant Aid

$2,096

Pell Grant

$6,258

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,495

$30,001 - $48,000

$5,650

$48,001 - $75,000

$5,149

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Santa Barbara Business College

Average Loan Amount Average Loan Amount received per year.

$9,500/Year

Students Taking Out Loans

88%

Loan Default Rate

12.4%

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