$6,043

Avg. Federal Grant

$13,480

Avg. Federal Loan

$764,748

Total Aid Awarded

Taylor College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$764.748K

Financial Aid Official Website

www.taylorcollege.edu/finaid/

As many as 80% of the students at TC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,412,722 in a year. At TC, the total percentage of applicants who receive the Federal Grant stands at 80%. On the other hand, 80% of the candidates get the Student Grant, while 80% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,615. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 80% of the applicants to Taylor College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

90%

State Grant Aid

20%

Institution Grant Aid

N/A

Pell Grant

90%

Average Aid Awarded

Federal Grant Aid

$6,043

State Grant Aid

$1,265

Institution Grant Aid

N/A

Pell Grant

$5,162

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,277

$30,001 - $48,000

$10,097

$48,001 - $75,000

$9,880

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Taylor College

Average Loan Amount Average Loan Amount received per year.

$13,480/Year

Students Taking Out Loans

80%

Loan Default Rate

2.3%

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