$5,837

Avg. Federal Grant

$3,633

Avg. Federal Loan

$75,137,842

Total Aid Awarded

Smith College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$75.138M

Financial Aid Official Website

www.smith.edu/sfs

Students can avail of scholarships provided by the college, such as Dora Windes Zollman Scholarship, Heriberto Flores Scholarship, MASSGrant Program, and Marie L. Rose Scholarship, if they find educational expenses to be on the higher side. Notably, 71% of the students at Smith College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,015,500. For additional information about financial assistance schemes, one can head over to SC’s financial aid page at http://www.smith.edu/sfs. At SC, the total percentage of applicants who receive the Federal Grant stands at 18%. On the other hand, 67% of the candidates get the Student Grant, 67% receive the Institution Grant, and 18% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,771, while the same comes to $2,718 for State Grant receivers and $42,042 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,824. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $57,245 on average in a year. The average aid amount stands at $56,918 for an annual family income between $30,001 and $48,000. This amount comes to $52,816 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 $46,143. And, for those with a family income of more than $110,000, the amount stands at $25,590. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At SC, an estimated number of 46% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

20%

State Grant Aid

6%

Institution Grant Aid

69%

Pell Grant

20%

Average Aid Awarded

Federal Grant Aid

$5,837

State Grant Aid

$2,913

Institution Grant Aid

$39,468

Pell Grant

$4,855

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$60,746

$30,001 - $48,000

$60,118

$48,001 - $75,000

$54,454

$75,001 - $110,000

$45,390

Over $110,000

$24,325

Student Loans for Smith College

Average Loan Amount Average Loan Amount received per year.

$4,400/Year

Students Taking Out Loans

51%

Loan Default Rate

1.3%

Other Colleges In Massachusetts

Boston College which is a private, Roman Catholic university, is located in Chestnut Hill, Massachusetts. At Boston College, around 98% of the students are 24 and under. And, when it comes to gender distribution at the varsity, around 53% of the students are females and 47% are males. Finally, at

Chestnut Hill, Massachusetts 4 years Private Not-For-Profit

Located in Bridgewater, Massachusetts, Bridgewater State University is a public university. It was in 1840 when the Bridgewater State University was founded. Bridgewater State University believes in imparting education and contributing to society by focusing on innovation, research, education, an

Bridgewater, Massachusetts 4 years Public

#N/A

Boston, Massachusetts 2 years Public

Other Private not-for-profit Colleges

#N/A

Toccoa Falls, Georgia 4 years Private Not-For-Profit

Lynchburg, Virginia 4 years Private Not-For-Profit

Dallas, Texas 4 years Private Not-For-Profit