$5,874

Avg. Federal Grant

$5,421

Avg. Federal Loan

$42,393,041

Total Aid Awarded

Simmons College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$42.393M

Financial Aid Official Website

https://www.simmons.edu/admission-and-financial-aid/student-financial-services

Simmons College(SC), Morehead, Kentucky, provides financial assistance on the basis of the family’s ability to contribute. Last year, the university awarded over $42,393,041 in financial aid through scholarships, grants, loans, and work-study assistance. About 94% of students receive grants per year. These monetary benefits enable students to pay for their education without even having to repay back if it is in the form of scholarships and grants. Also, remember that you have a work-study program where a student will be involved in part-time work to pay for his tuition.

Planning on how to pay for college can be challenging. We’re here to help guide you through the financial aid process and provide assistance with your student account. Don’t stress about student finances, you’ll have enough to do, like hanging out with friends and studying for your classes.

Scholarships

University provides scholarships on the basis of student’s academic achievements, proven leadership, and participation in extracurricular activities- both in their schools and their communities. SC’s merit-based scholarships are offered through the following programs:

  • Simmons Merit Scholarship is awarded to the students based on the strength of their academic record

  • President’s Scholarship is offered to the fresher students of the university.

  • Dean’s Graduate Scholarship awarded to graduate students who have achieved academic achievements.

  • Faculty Scholarship, awarded to those who scored excellent high school grades.

  • University Scholarship awarded based on a combination of ACT/SAT scores.

Grants

Grants are gift assistance which is awarded on the basis of financial aid. Various grants awarded to the students at the university are as follows:

Federal Grants

  • Federal Pell Grant, awarded only to those students who have not earned a bachelor’s degree.

  • Federal Supplemental Educational Opportunity Grant(SEOG), this grant is awarded to those students who have less financial need.

State Grants

  • Simmons Residential  Scholarships are awarded to the students who are residents of Massachusetts.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

16%

Institution Grant Aid

100%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$5,874

State Grant Aid

$1,642

Institution Grant Aid

$25,772

Pell Grant

$4,713

A federal grant is also an option for you if you meet the eligibility criteria, 31% of candidates cover up their expenses and the average of it is $5,874. The Pell grants average amount is $4,713 and serves 31% candidates.

In addition to these, the state grants also cover up the expenses of 16% of pupils and the average of it is  $1,642. You might depend upon the institutional scholarships and grants as almost 100% of all students get hold of them and the average of them is $25,772.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$35,602

$30,001 - $48,000

$34,180

$48,001 - $75,000

$32,131

$75,001 - $110,000

$29,474

Over $110,000

$21,832

A student having an annual family income of less than $30,000 might face an aid amount of $35,602 as the net aid price. You will find this amount to be lowered up to $34,180 in case of an income between the range of $30,001-$48,000.

The aid price decreases gradually as we talk about higher income brackets. For example, a family income ranging from $48,001-$75,000 might make your net price look $32,131 and for a range of $75,001-$110,000, your net aid price will amount to $29,474.

Student Loans for Simmons College

Average Loan Amount Average Loan Amount received per year.

$9,440/Year

Students Taking Out Loans

72%

Loan Default Rate

2.1%

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