$4,820

Avg. Federal Grant

$3,373

Avg. Federal Loan

$22,535,903

Total Aid Awarded

State College of Florida-Manatee-Sarasota Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

40%

Total Aid Amount Average Total Aid Awarded per year.

$22.536M

Financial Aid Official Website

www.scf.edu/StudentServices/FinancialAid/default.asp

It is interesting to note that, every year, around 73% of students at SCFMS receive some kind of financial aid, while the total amount of assistance/loans provided is $5,031,368. One can visit SCFMS's financial aid page at http://www.scf.edu/StudentServices/FinancialAid/default.asp for more information. Notably, a total of 62% of the applicants to State College of Florida-Manatee-Sarasota receive the Federal Grant every year. In comparison, 66% of the students are awarded the Student Grant, 21% get the Institution Grant, and 52% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,439, and the same stands at $1,697 for State Grant awardees and $3,245 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,976. 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. Candidates are also required to repay these loans within a given period. At State College of Florida-Manatee-Sarasota, the percentage of candidates who opt to avail of student loans is around 12%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

34%

Institution Grant Aid

22%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,820

State Grant Aid

$989

Institution Grant Aid

$2,458

Pell Grant

$5,109

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,053

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for State College of Florida-Manatee-Sarasota

Average Loan Amount Average Loan Amount received per year.

$3,430/Year

Students Taking Out Loans

15%

Loan Default Rate

7.4%

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