$4,647

Avg. Federal Grant

$4,341

Avg. Federal Loan

$45,583,273

Total Aid Awarded

Santa Monica College (SMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$45.583M

Financial Aid Official Website

www.smc.edu/EnrollmentDevelopment/FinAid/Pages/default.aspx

Students can avail of scholarships provided by the college, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. Notably, 57% of the students at Santa Monica College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,506,566. At SMC, the total percentage of applicants who receive the Federal Grant stands at 34%. Meanwhile, 57% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 34% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,990, while the same comes to $2,345 for State Grant receivers and $1,108 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,927. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At SMC, an estimated number of 1% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

51%

Institution Grant Aid

1%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,647

State Grant Aid

$2,182

Institution Grant Aid

$649

Pell Grant

$4,533

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,682

$30,001 - $48,000

$7,046

$48,001 - $75,000

$4,286

$75,001 - $110,000

$2,330

Over $110,000

N/A

Student Loans for Santa Monica College (SMC)

Average Loan Amount Average Loan Amount received per year.

$4,341/Year

Students Taking Out Loans

2%

Loan Default Rate

9.7%

Other Colleges In California

Online Education at Pepperdine University

The university offers Master's and Doctorate degree programs online. The programs are designed keeping working professionals in mind but it does not compromise on academic standards. The technology and tools implemented vary for the program

Malibu, California 4 years Private Not-For-Profit

Oakland, California 4 years Public

A private university by the name of Laguna College of Art and Design is located in Laguna Beach, CA. It was in 1961 when the Laguna College of Art and Design was founded. The motto of the Laguna College of Art and Design is Empowering Creative Leaders. The university believes in offering quality

Laguna Beach, California 4 years Private Not-For-Profit

Other Colleges In Santa Monica

#N/A

Santa Monica, California 4 years Private For-Profit

Other Public Colleges

University of California-Irvine is a public university located in Irvine, CA. The university covers an area of 1,527 acres. The University of California-Irvine is part of the University of California group. University of California-Irvine was founded in the year 1965. The motto of the University of

Irvine, California 4 years Public

#N/A

College Park, Maryland 4 years Public

There is a public university in Minot, North Dakota called Minot State University. Minot State University is home to an ethnically diverse student body. At MSU around 69% are white, 10% are Non-resident alien, and 8% belong to Hispanic ethnicity. Further, around 76% of the students are 24 and under.

Minot, North Dakota 4 years Public