$4,140

Avg. Federal Grant

$5,133

Avg. Federal Loan

$9,530,119

Total Aid Awarded

Skagit Valley College (SVC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

35%

Total Aid Amount Average Total Aid Awarded per year.

$9.530M

Financial Aid Official Website

www.skagit.edu/financial-aid/

As many as 68% of the students at SVC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,124,577 in a year. For additional information about financial assistance schemes, one can head over to SVC’s financial aid page at http://www.skagit.edu/financial-aid/. The total percentage of candidates applying to Skagit Valley College who receive the Federal Grant is 42%. On the other hand, 57% of the candidates get the Student Grant, 27% receive the Institution Grant, and 41% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,544, while the same comes to $3,011 for State Grant receivers and $1,272 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,004. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At SVC, an estimated number of 10% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

35%

Institution Grant Aid

25%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,140

State Grant Aid

$2,978

Institution Grant Aid

$1,454

Pell Grant

$4,036

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,250

$30,001 - $48,000

$7,183

$48,001 - $75,000

$4,622

$75,001 - $110,000

$841

Over $110,000

$360

Student Loans for Skagit Valley College (SVC)

Average Loan Amount Average Loan Amount received per year.

$5,131/Year

Students Taking Out Loans

9%

Loan Default Rate

15%

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