$4,752

Avg. Federal Grant

$5,956

Avg. Federal Loan

$31,759,710

Total Aid Awarded

Simpson College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

29%

State Grant Aid

33%

Institution Grant Aid

100%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$4,752

State Grant Aid

$5,617

Institution Grant Aid

$23,063

Pell Grant

$4,425

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$32,923

$30,001 - $48,000

$30,593

$48,001 - $75,000

$28,979

$75,001 - $110,000

$25,918

Over $110,000

$22,915

Student Loans for Simpson College

Average Loan Amount Average Loan Amount received per year.

$8,019/Year

Students Taking Out Loans

72%

Loan Default Rate

4.5%

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