$4,458

Avg. Federal Grant

$4,557

Avg. Federal Loan

$7,036,764

Total Aid Awarded

South Central College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$7.037M

Financial Aid Official Website

N/A

Notably, 84% of the students at South Central College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,038,407. Notably, a total of 52% of the applicants to South Central College receive the Federal Grant every year. On the other hand, 71% of the candidates get the Student Grant, 19% receive the Institution Grant, and 52% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,659, the State Grant receivers and Institution Grant beneficiaries get $1,608 and $945, respectively. And, for the Pell Grant awardees, the average aid amount is $3,783. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At South Central College, the percentage of candidates who opt to avail of student loans is around 31%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

56%

Institution Grant Aid

14%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,458

State Grant Aid

$1,216

Institution Grant Aid

$933

Pell Grant

$4,351

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,482

$30,001 - $48,000

$5,745

$48,001 - $75,000

$3,466

$75,001 - $110,000

$1,169

Over $110,000

$174

Student Loans for South Central College

Average Loan Amount Average Loan Amount received per year.

$4,708/Year

Students Taking Out Loans

37%

Loan Default Rate

13.9%

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