$6,807

Avg. Federal Grant

$3,102

Avg. Federal Loan

$5,220,330

Total Aid Awarded

Southeast Arkansas College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$5.220M

Financial Aid Official Website

www.seark.edu/admissions/financial-aid

As many as 95% of the students at SAC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,341,078 in a year. For additional information about financial assistance schemes, one can head over to SAC’s financial aid page at http://www.seark.edu/admissions/financial-aid. Notably, a total of 82% of the applicants to Southeast Arkansas College receive the Federal Grant every year. Meanwhile, 93% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 82% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,836, while the same comes to $662 for State Grant receivers and $713 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,612. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 18% of the applicants to Southeast Arkansas College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

82%

State Grant Aid

11%

Institution Grant Aid

28%

Pell Grant

82%

Average Aid Awarded

Federal Grant Aid

$6,807

State Grant Aid

$763

Institution Grant Aid

$815

Pell Grant

$6,764

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,378

$30,001 - $48,000

$6,806

$48,001 - $75,000

$3,715

$75,001 - $110,000

$875

Over $110,000

N/A

Student Loans for Southeast Arkansas College

Average Loan Amount Average Loan Amount received per year.

$3,102/Year

Students Taking Out Loans

62%

Loan Default Rate

19.5%

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#N/A

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