Sterling College Financial Aid and Scholarships
Students Receiving Aid
87%
Total Aid Amount
$9.042M
Financial Aid Official Website
www.sterling.edu/financial-aid
Such schemes include Albert M. Lappin Scholarship, Hansen Leaders of Tomorrow, Hansen Scholar Award, and Hansen Student Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,977,299. For additional information about financial assistance schemes, one can head over to SC’s financial aid page at http://www.sterling.edu/financial-aid. Notably, a total of 55% of the applicants to Sterling College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 50% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,730, the State Grant receivers and Institution Grant beneficiaries get $3,679 and $13,937, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,150. 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 $17,758 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $18,556 and $14,999, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $13,075. And, for those with a family income of more than $110,000, the amount stands at $12,999. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 76% of the applicants to Sterling College opt for student loans.
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