$3,652

Avg. Federal Grant

$6,179

Avg. Federal Loan

$1,172,414

Total Aid Awarded

St. Louis College of Health Careers (SLCHC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$1.172M

Financial Aid Official Website

N/A

As many as 79% of the students at SLCHCSL get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,682,147 in a year. At SLCHCSL, the total percentage of applicants who receive the Federal Grant stands at 77%. On the other hand, 77% of the candidates get the Student Grant, 66% receive the Institution Grant, and 76% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,865, while the same comes to $3,702 for State Grant receivers and $136 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,618. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 74% of the applicants to St Louis College of Health Careers-St Louis opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

1%

Institution Grant Aid

56%

Pell Grant

77%

Average Aid Awarded

Federal Grant Aid

$3,652

State Grant Aid

$6,730

Institution Grant Aid

$126

Pell Grant

$3,570

The St. Louis College of Health Careers’ financial aid includes Federal Grants, Pell Grants, State grants and Institutional grants, with Federal grants awarded to 78% of the total students with the average aid amount being $3,652.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,363

$30,001 - $48,000

$2,878

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

As per the data from the St. Louis College of Health Careers’ financial aid office, lower the family income higher is the amount of financial aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $3,363 while those with family income over $30,000 can expect to receive an aid amount of $2,878. This ensures that bulk of the money is flowing towards those who need it the most. The table provides us with a breakdown of the same:

Student Loans for St. Louis College of Health Careers (SLCHC)

Average Loan Amount Average Loan Amount received per year.

$6,179/Year

Students Taking Out Loans

64%

Loan Default Rate

7.4%

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