$3,915

Avg. Federal Grant

$7,279

Avg. Federal Loan

$2,581,302

Total Aid Awarded

Stone Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$2.581M

Financial Aid Official Website

www.stone.edu/admissions/financial-aid/

Notably, 74% of the students at Stone Academy-West Haven get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,774,506. The total percentage of candidates applying to Stone Academy-West Haven who receive the Federal Grant is 67%. On the other hand, 68% of the candidates get the Student Grant, 44% receive the Institution Grant, and 67% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,483, and the same stands at $3,453 for State Grant awardees and $93 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,880. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 SAWH, an estimated number of 54% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

77%

State Grant Aid

N/A

Institution Grant Aid

50%

Pell Grant

77%

Average Aid Awarded

Federal Grant Aid

$3,915

State Grant Aid

N/A

Institution Grant Aid

$409

Pell Grant

$3,794

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,698

$30,001 - $48,000

$2,952

$48,001 - $75,000

$6,255

$75,001 - $110,000

$2,735

Over $110,000

N/A

Student Loans for Stone Academy

Average Loan Amount Average Loan Amount received per year.

$7,279/Year

Students Taking Out Loans

58%

Loan Default Rate

19.1%

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