$4,708

Avg. Federal Grant

$5,428

Avg. Federal Loan

$10,923,074

Total Aid Awarded

Toccoa Falls College (TFC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$10.923M

Financial Aid Official Website

tfc.edu/admissions/financial-aid/

Notably, 82% of the students at Toccoa Falls College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,858,612. The total percentage of candidates applying to Toccoa Falls College who receive the Federal Grant is 39%. Meanwhile, 77% of the applicants receive the Student Grant and 72% are awarded the Institution Grant, while 39% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,567, the State Grant receivers and Institution Grant beneficiaries get $3,302 and $10,592, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,323. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Toccoa Falls College, the percentage of candidates who opt to avail of student loans is around 61%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

56%

Institution Grant Aid

82%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$4,708

State Grant Aid

$3,204

Institution Grant Aid

$9,663

Pell Grant

$4,552

Financial aid is any form of funding that helps you pay for college, such as a grant, loans, scholarships or work-study programs. While gathering knowledge about the various financial aids a college can offer, one of the key things to notice is how the financial aid is broken down and how much aid is provided to what number of students in an academic year.

As indicated by the records seen previously, 51% of the students are given Federal Grant Aid, which is usually a reasonable amount of $4,708. Almost 51% of the students get pell grants which mean a measure of around $4,552. For the most part, 56% of the students are equipped for state awards at a measure of around $3,204 while 82% of the students get institutional distinctions which mean a measure of around $9,663.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,055

$30,001 - $48,000

$16,476

$48,001 - $75,000

$12,141

$75,001 - $110,000

$12,568

Over $110,000

$9,727

The breakdown is done as federal aids rely upon the pay of the student or their family. It is isolated into 5 distinctive family pay types to help decide the normal measure of federal aid you may get. Contingent upon the level of pay a family’s income falls under, the financial aid provided to the student may either pay more or  less than the general normal expenses. You should have a fair amount of idea on how much aid you can expect to get depending on the income bracket you fall under.

The financial aid for the family income reaching out between $0 to $30,000 stands at about $15,055. A slight change is seen when we see that the aid given is $16,476 to levels of pay between $30,000 to $48,000. For ranges $48,001 to $75,000, the aid given decreases sharply to $12,141. Finally, we have pay ranges $75,000 to $110,000 which receive a little more aid than the last range which is $12,568, and $9,727 worth of financial aid is provided to the families who have an annual income of over $100,000.

Student Loans for Toccoa Falls College (TFC)

Average Loan Amount Average Loan Amount received per year.

$6,607/Year

Students Taking Out Loans

66%

Loan Default Rate

10%

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