$3,568

Avg. Federal Grant

$7,787

Avg. Federal Loan

$935,505

Total Aid Awarded

Sumner College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$935.505K

Financial Aid Official Website

sumnercollege.edu/financial-aid/?

Among them are scholarship programs such as 'Better A Life' Scholarship, 'Why Not?' Scholarship, Anna F. Jones Scholarship, and Ben Walker/Mikael Nickolauson Thurston High School Memorial Scholarship. It is interesting to note that almost every student at SC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,192,079. Notably, a total of 69% of the applicants to Sumner College receive the Federal Grant every year. Meanwhile, 69% of the applicants receive the Student Grant and 16% are awarded the Institution Grant, while 69% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,326. 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. 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. At SC, an estimated number of 100% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

82%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

82%

Average Aid Awarded

Federal Grant Aid

$3,568

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$3,451

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,674

$30,001 - $48,000

$3,401

$48,001 - $75,000

$1,850

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Sumner College

Average Loan Amount Average Loan Amount received per year.

$10,941/Year

Students Taking Out Loans

86%

Loan Default Rate

7.7%

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