$4,267

Avg. Federal Grant

$4,372

Avg. Federal Loan

$8,078,752

Total Aid Awarded

Sierra Nevada College (SNC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$8.079M

Financial Aid Official Website

www.sierranevada.edu/admissions/undergrad/financial-aid/

Notably, 99% of the students at Sierra Nevada College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,419,920. At SNC, the total percentage of applicants who receive the Federal Grant stands at 44%. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 44% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,678, while the same comes to $1,863 for State Grant receivers and $17,762 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,149. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 SNC, an estimated number of 99% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

4%

Institution Grant Aid

97%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,267

State Grant Aid

$2,400

Institution Grant Aid

$16,431

Pell Grant

$5,113

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$35,325

$30,001 - $48,000

$25,543

$48,001 - $75,000

$21,532

$75,001 - $110,000

$20,440

Over $110,000

$16,206

Student Loans for Sierra Nevada College (SNC)

Average Loan Amount Average Loan Amount received per year.

$5,381/Year

Students Taking Out Loans

90%

Loan Default Rate

9%