$4,917

Avg. Federal Grant

$4,966

Avg. Federal Loan

$29,526,095

Total Aid Awarded

Sierra College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$29.526M

Financial Aid Official Website

https://www.sierracollege.edu/student-services/financial-aid.php

Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. As many as 80% of the students at SC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,910,453 in a year. One can visit SC's financial aid page at https://www.sierracollege.edu/student-services/financial-aid.php for more information. At SC, the total percentage of applicants who receive the Federal Grant stands at 32%. On the other hand, 80% of the candidates get the Student Grant, 6% receive the Institution Grant, and 32% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,002, while the same comes to $1,883 for State Grant receivers and $354 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,931. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 Sierra College, the percentage of candidates who opt to avail of student loans is around 2%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

51%

Institution Grant Aid

1%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,917

State Grant Aid

$2,116

Institution Grant Aid

$256

Pell Grant

$4,813

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,459

$30,001 - $48,000

$7,201

$48,001 - $75,000

$4,575

$75,001 - $110,000

$2,207

Over $110,000

$870

Student Loans for Sierra College

Average Loan Amount Average Loan Amount received per year.

$4,966/Year

Students Taking Out Loans

3%

Loan Default Rate

14.4%

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