$5,184

Avg. Federal Grant

N/A

Avg. Federal Loan

$1,009,587

Total Aid Awarded

Simmons College of Kentucky Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$1.010M

Financial Aid Official Website

www.simmonscollegeky.edu/financial-aid

Notably, around 71% of the students at Simmons College of Kentucky receive some kind of financial aid every year, official data shows. Notably, a total of 71% of the applicants to Simmons College of Kentucky receive the Federal Grant every year. Meanwhile, 71% of the applicants receive the Student Grant and 45% are awarded the Institution Grant, while 71% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,209, and the same stands at $2,135 for State Grant awardees and $2,945 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,782. 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. 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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

88%

State Grant Aid

71%

Institution Grant Aid

42%

Pell Grant

88%

Average Aid Awarded

Federal Grant Aid

$5,184

State Grant Aid

$1,842

Institution Grant Aid

$2,160

Pell Grant

$5,159

The table here says that the financial aid provided by Simmons College is categorized in four different categories which are Federal Grants, Pell Grants, State Grants and Institutional Grants. Within the grants that are provided by the college, Federal grant aid and Pell grant aid are the one that cover the most percentage of the student population within the college which is about 88% for each of them. The average amount of federal grant aid allotted to the students of the college is about $5,184 and the average amount of Pell grant aid that the students get is $5,159.

Now if we consider the Institutional grant aid it is the lowest when compared to the coverage of other grants mentioned in the table above, around 42% only and the average amount assigned under this scheme is $2,160. At last the percentage coverage of the State grant aid is about 71%. The amount provided under State grant aid is $1,842.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,765

$30,001 - $48,000

$6,899

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

The table above gives the data about the variation in the federal aid based on the family income of the students. The family income is the indicator of the financial status of the students and their families. The higher the family income the higher is the financial stability of the student’s family and better is the ability to bear the educational expenses. The table above provides several data related to different amounts of financial aid provided to different categories of family. The students whose family income is below $30,000 gets a financial aid of $7,765. Similarly, for the students who belong to families with an annual income of $30,001 to $48,000 get a financial aid of $6,899. The financial aid for the rest of the categories are not mentioned in the above table as the data was insufficient. Please visit the official website of the college for more information.

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