$5,695

Avg. Federal Grant

$5,066

Avg. Federal Loan

$43,373,149

Total Aid Awarded

Swarthmore College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

59%

Total Aid Amount Average Total Aid Awarded per year.

$43.373M

Financial Aid Official Website

www.swarthmore.edu/admissions-aid/financial-aid-and-cost-information

Among them are scholarship programs such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Delaware Space Grant College Graduate Fellowship, and Delaware Space Grant College Undergraduate Tuition Scholarship. Notably, 63% of the students at Swarthmore College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,503,434. For additional information about financial assistance schemes, one can head over to SC’s financial aid page at http://www.swarthmore.edu/admissions-aid/financial-aid-and-cost-information. At SC, the total percentage of applicants who receive the Federal Grant stands at 22%. Meanwhile, 56% of the applicants receive the Student Grant and 56% are awarded the Institution Grant, while 22% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,627, the State Grant receivers and Institution Grant beneficiaries get $3,436 and $49,161, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,822. 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 $60,429 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 $62,127 and $49,946, respectively. Those with an annual income level of $75,001-$110,000 would receive $36,684, while candidates with more than $110,000 of family income receive an average federal aid of $28,288. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Swarthmore College, the percentage of candidates who opt to avail of student loans is around 10%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

3%

Institution Grant Aid

56%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$5,695

State Grant Aid

$3,229

Institution Grant Aid

$47,147

Pell Grant

$4,676

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$59,937

$30,001 - $48,000

$60,739

$48,001 - $75,000

$55,863

$75,001 - $110,000

$45,639

Over $110,000

$28,020

Student Loans for Swarthmore College

Average Loan Amount Average Loan Amount received per year.

$5,832/Year

Students Taking Out Loans

13%

Loan Default Rate

1.3%

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