Simpson College Financial Aid and Scholarships
Students Receiving Aid
94%
Total Aid Amount
$31.760M
Financial Aid Official Website
www.simpson.edu/admissions/financial/index.html
It is interesting to note that almost every student at SC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,566,401. More information regarding the financial assistance schemes can be accessed on SC’s official financial aid page at http://www.simpson.edu/admissions/financial/index.html. At SC, the total percentage of applicants who receive the Federal Grant stands at 51%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 50% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,795, the State Grant receivers and Institution Grant beneficiaries get $5,728 and $25,849, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,320. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $31,456 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $29,672 and $27,283, respectively. Those with an annual income level of $75,001-$110,000 would receive $24,525, while candidates with more than $110,000 of family income receive an average federal aid of $22,948. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At SC, an estimated number of 80% of the applicants choose to go for student loans.
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