St. Thomas Aquinas College Financial Aid and Scholarships
Students Receiving Aid
66%
Total Aid Amount
$21.755M
Financial Aid Official Website
www.stac.edu/cost-aid
It is interesting to note that almost every student at STAC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,969,076. One can visit STAC's financial aid page at http://www.stac.edu/cost-aid for more information. At STAC, the total percentage of applicants who receive the Federal Grant stands at 36%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,516, while the same comes to $4,398 for State Grant receivers and $21,340 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,672. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $30,205 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,434, while those falling in the $48,001-$75,000 income category get $22,413 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $16,752. And, for those with a family income of more than $110,000, the amount stands at $17,901. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 60% of the applicants to St. Thomas Aquinas College opt for student loans.
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