$3,987

Avg. Federal Grant

$8,809

Avg. Federal Loan

$771,356

Total Aid Awarded

Southeastern Institute Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

63%

Total Aid Amount Average Total Aid Awarded per year.

$771.356K

Financial Aid Official Website

www.southeasterninstitute.edu/getting-started/financial-aid/

Notably, 66% of the students at Southeastern Institute-Columbia get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,115,084. Notably, a total of 61% of the applicants to Southeastern Institute-Columbia receive the Federal Grant every year. Meanwhile, 65% of the applicants receive the Student Grant and 27% are awarded the Institution Grant, while 61% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,432. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SIC, an estimated number of 52% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

N/A

Institution Grant Aid

28%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$3,987

State Grant Aid

N/A

Institution Grant Aid

$1,856

Pell Grant

$3,887

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,105

$30,001 - $48,000

$4,970

$48,001 - $75,000

$2,960

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Southeastern Institute

Average Loan Amount Average Loan Amount received per year.

$10,162/Year

Students Taking Out Loans

43%

Loan Default Rate

16.2%

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