$5,292

Avg. Federal Grant

$6,227

Avg. Federal Loan

$1,163,377

Total Aid Awarded

Shepherds College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$1.163M

Financial Aid Official Website

https://www.shepherdscollege.edu/program-and-admissions/admissions/federal-aid-and-scholarships/

Notably, 86% of the students at Shepherds College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $271,180. Notably, a total of 44% of the applicants to Shepherds College receive the Federal Grant every year. On the other hand, 86% of the candidates get the Student Grant, 72% receive the Institution Grant, and 44% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,498, the State Grant receivers and Institution Grant beneficiaries get $14,193 and $11,608, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,328. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Shepherds College, the percentage of candidates who opt to avail of student loans is around 47%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

7%

Institution Grant Aid

76%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$5,292

State Grant Aid

$27,500

Institution Grant Aid

$15,455

Pell Grant

$5,292

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,407

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Shepherds College

Average Loan Amount Average Loan Amount received per year.

$6,227/Year

Students Taking Out Loans

38%

Loan Default Rate

N/A

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