Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

Spoon River College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


It is interesting to note that, every year, around 89% of students at SRC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,249,645. One can visit SRC's financial aid page at http://www.src.edu/services/financial-aid/Pages/default.aspx for more information. The total percentage of candidates applying to Spoon River College who receive the Federal Grant is 61%. Meanwhile, 80% of the applicants receive the Student Grant and 32% are awarded the Institution Grant, while 61% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,286, while the same comes to $1,893 for State Grant receivers and $1,814 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,462. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SRC, an estimated number of 31% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for Spoon River College

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


Other Colleges In Illinois

Elmhurst College
Elmhurst College

Elmhurst, Illinois

Lake Forest College
Lake Forest College

Lake Forest, Illinois