$4,871

Avg. Federal Grant

$7,630

Avg. Federal Loan

$4,870,468

Total Aid Awarded

Silver Lake College of the Holy Family Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$4.870M

Financial Aid Official Website

www.sl.edu/undergraduate-programs/financial-aid

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,474,998. More information regarding the financial assistance schemes can be accessed on HFC’s official financial aid page at http://www.sl.edu/undergraduate-programs/financial-aid. The total percentage of candidates applying to Holy Family College who receive the Federal Grant is 81%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 81% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,362, and the same stands at $2,941 for State Grant awardees and $12,351 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,483. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $20,786 on average in a year. The average aid amount stands at $20,538 for an annual family income between $30,001 and $48,000. This amount comes to $21,177 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $14,255. And, for those with a family income of more than $110,000, the amount stands at $12,700. 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 Holy Family College, the percentage of candidates who opt to avail of student loans is around 79%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

84%

State Grant Aid

66%

Institution Grant Aid

100%

Pell Grant

84%

Average Aid Awarded

Federal Grant Aid

$4,871

State Grant Aid

$2,820

Institution Grant Aid

$11,209

Pell Grant

$4,424

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,845

$30,001 - $48,000

$18,244

$48,001 - $75,000

$19,026

$75,001 - $110,000

$14,147

Over $110,000

$15,100

Student Loans for Silver Lake College of the Holy Family

Average Loan Amount Average Loan Amount received per year.

$7,728/Year

Students Taking Out Loans

85%

Loan Default Rate

7.9%

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