$4,939

Avg. Federal Grant

$5,738

Avg. Federal Loan

$11,796,442

Total Aid Awarded

The Kings College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$11.796M

Financial Aid Official Website

https://www.tkc.edu/financial-aid/

Among them are scholarship programs such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Joseph P. Gavenonis Scholarship, and Ohio College Opportunity Grant. It is interesting to note that, every year, around 99% of students at TKC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,678,779. Notably, a total of 27% of the applicants to The King's College receive the Federal Grant every year. In comparison, 99% of the students are awarded the Student Grant, 97% get the Institution Grant, and 27% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,387, while the same comes to $2,438 for State Grant receivers and $22,322 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,486. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 TKC, an estimated number of 85% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

4%

Institution Grant Aid

99%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,939

State Grant Aid

$3,426

Institution Grant Aid

$21,212

Pell Grant

$4,556

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,565

$30,001 - $48,000

$25,016

$48,001 - $75,000

$24,865

$75,001 - $110,000

$23,274

Over $110,000

$20,042

Student Loans for The Kings College

Average Loan Amount Average Loan Amount received per year.

$7,404/Year

Students Taking Out Loans

90%

Loan Default Rate

4.8%

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