$3,647

Avg. Federal Grant

$3,093

Avg. Federal Loan

$9,878,715

Total Aid Awarded

Tabor College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$9.879M

Financial Aid Official Website

tabor.edu/undergraduate/financial-aid/

Among them are scholarship programs such as Albert M. Lappin Scholarship, Hansen Leaders of Tomorrow, Hansen Scholar Award, and Hansen Student Scholarship. It is interesting to note that almost every student at TC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,194,012. One can visit TC's financial aid page at http://tabor.edu/undergraduate/financial-aid/ for more information. The total percentage of candidates applying to Tabor College who receive the Federal Grant is 39%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 39% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,096, while the same comes to $2,712 for State Grant receivers and $16,678 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,158. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $20,443 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $19,952, while those falling in the $48,001-$75,000 income category get $19,312 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $17,371. And, for those with a family income of more than $110,000, the amount stands at $15,800. 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. At Tabor College, the percentage of candidates who opt to avail of student loans is around 81%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

28%

Institution Grant Aid

99%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$3,647

State Grant Aid

$2,748

Institution Grant Aid

$15,279

Pell Grant

$3,644

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,311

$30,001 - $48,000

$21,482

$48,001 - $75,000

$17,134

$75,001 - $110,000

$16,887

Over $110,000

$16,737

Student Loans for Tabor College

Average Loan Amount Average Loan Amount received per year.

$6,558/Year

Students Taking Out Loans

26%

Loan Default Rate

8.3%

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