$5,540

Avg. Federal Grant

$9,500

Avg. Federal Loan

$3,061,233

Total Aid Awarded

Shorter College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$3.061M

Financial Aid Official Website

www.shortercollege.edu

It is interesting to note that, every year, around 91% of students at SC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,844,476. One can visit SC's financial aid page at http://www.shortercollege.edu for more information. The total percentage of candidates applying to Shorter College who receive the Federal Grant is 87%. On the other hand, 91% of the candidates get the Student Grant, 12% receive the Institution Grant, and 87% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,190. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $5,671 in a year. 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. Candidates are also required to repay these loans within a given period. At Shorter College, the percentage of candidates who opt to avail of student loans is around 72%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

99%

State Grant Aid

N/A

Institution Grant Aid

15%

Pell Grant

99%

Average Aid Awarded

Federal Grant Aid

$5,540

State Grant Aid

N/A

Institution Grant Aid

$680

Pell Grant

$5,540

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,574

$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 Shorter College

Average Loan Amount Average Loan Amount received per year.

$9,500/Year

Students Taking Out Loans

97%

Loan Default Rate

23.8%

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