$5,473

Avg. Federal Grant

$4,487

Avg. Federal Loan

$54,147,037

Total Aid Awarded

Skidmore College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$54.147M

Financial Aid Official Website

www.skidmore.edu/financialaid/

As many as 60% of the students at SC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,285,861 in a year. One can visit SC's financial aid page at http://www.skidmore.edu/financialaid/ for more information. At SC, the total percentage of applicants who receive the Federal Grant stands at 17%. On the other hand, 49% of the candidates get the Student Grant, 49% receive the Institution Grant, and 17% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,781, and the same stands at $5,469 for State Grant awardees and $45,076 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,926. 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 $57,937 in a year. The average aid amount stands at $53,831 for an annual family income between $30,001 and $48,000. This amount comes to $52,027 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $42,874. And, for those with a family income of more than $110,000, the amount stands at $22,751. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SC, an estimated number of 34% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

11%

Institution Grant Aid

44%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$5,473

State Grant Aid

$6,928

Institution Grant Aid

$42,362

Pell Grant

$4,801

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$59,649

$30,001 - $48,000

$55,273

$48,001 - $75,000

$55,309

$75,001 - $110,000

$43,279

Over $110,000

$22,329

Student Loans for Skidmore College

Average Loan Amount Average Loan Amount received per year.

$5,098/Year

Students Taking Out Loans

33%

Loan Default Rate

2%

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