$4,778

Avg. Federal Grant

$5,613

Avg. Federal Loan

$21,167,934

Total Aid Awarded

Shasta College (SC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$21.168M

Financial Aid Official Website

www.shastacollege.edu/Student%20Services/Financial%20Aid/Pages/122.aspx

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, every year, around 94% of students at SC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,099,719. One can visit SC's financial aid page at http://www.shastacollege.edu/Student%20Services/Financial%20Aid/Pages/122.aspx for more information. Notably, a total of 61% of the applicants to Shasta College receive the Federal Grant every year. On the other hand, 93% of the candidates get the Student Grant, 5% receive the Institution Grant, and 61% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,849, while the same comes to $2,025 for State Grant receivers and $458 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,100. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 10% of the applicants to Shasta College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

76%

Institution Grant Aid

1%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$4,778

State Grant Aid

$2,076

Institution Grant Aid

$603

Pell Grant

$4,693

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,521

$30,001 - $48,000

$6,920

$48,001 - $75,000

$4,485

$75,001 - $110,000

$1,104

Over $110,000

N/A

Student Loans for Shasta College (SC)

Average Loan Amount Average Loan Amount received per year.

$5,613/Year

Students Taking Out Loans

8%

Loan Default Rate

14.7%

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