$4,900

Avg. Federal Grant

$4,145

Avg. Federal Loan

$5,658,515

Total Aid Awarded

Santa Fe Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

29%

Total Aid Amount Average Total Aid Awarded per year.

$5.659M

Financial Aid Official Website

https://www.sfcc.edu/offices/financial-aid/

Students can avail of scholarships provided by the college, such as Western Undergraduate Exchange, if they find educational expenses to be on the higher side. Notably, 87% of the students at Santa Fe Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $447,360. For additional information about financial assistance schemes, one can head over to SFCC’s financial aid page at https://www.sfcc.edu/offices/financial-aid/. Notably, a total of 62% of the applicants to Santa Fe Community College receive the Federal Grant every year. In comparison, 87% of the students are awarded the Student Grant, 17% get the Institution Grant, and 62% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,307, while the same comes to $1,070 for State Grant receivers and $923 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,963. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SFCC, an estimated number of 2% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

62%

Institution Grant Aid

16%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$4,900

State Grant Aid

$846

Institution Grant Aid

$900

Pell Grant

$4,783

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,348

$30,001 - $48,000

$5,478

$48,001 - $75,000

$4,090

$75,001 - $110,000

$1,385

Over $110,000

$432

Student Loans for Santa Fe Community College

Average Loan Amount Average Loan Amount received per year.

$4,145/Year

Students Taking Out Loans

3%

Loan Default Rate

13.7%

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