$5,013

Avg. Federal Grant

$4,467

Avg. Federal Loan

$9,291,861

Total Aid Awarded

Snead State Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$9.292M

Financial Aid Official Website

www.snead.edu/financial_aid.aspx

It is interesting to note that, every year, around 89% of students at SSCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,430,024. For additional information about financial assistance schemes, one can head over to SSCC’s financial aid page at http://www.snead.edu/financial_aid.aspx. At SSCC, the total percentage of applicants who receive the Federal Grant stands at 61%. In comparison, 85% of the students are awarded the Student Grant, 54% get the Institution Grant, and 61% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,033. 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. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Snead State Community College, the percentage of candidates who opt to avail of student loans is around 16%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

1%

Institution Grant Aid

53%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$5,013

State Grant Aid

$6,210

Institution Grant Aid

$4,747

Pell Grant

$4,972

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,639

$30,001 - $48,000

$5,912

$48,001 - $75,000

$3,788

$75,001 - $110,000

$2,402

Over $110,000

$1,000

Student Loans for Snead State Community College

Average Loan Amount Average Loan Amount received per year.

$4,467/Year

Students Taking Out Loans

17%

Loan Default Rate

20.5%

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