$4,661

Avg. Federal Grant

$4,629

Avg. Federal Loan

$4,743,912

Total Aid Awarded

University of South Carolina-Lancaster Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$4.744M

Financial Aid Official Website

usclancaster.sc.edu/finaid/index.html

As many as 96% of the students at USCL get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,845,876 in a year. At USCL, the total percentage of applicants who receive the Federal Grant stands at 50%. On the other hand, 95% of the candidates get the Student Grant, 34% receive the Institution Grant, and 50% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,696, the State Grant receivers and Institution Grant beneficiaries get $4,400 and $1,064, respectively. And, for the Pell Grant awardees, the average aid amount is $4,648. 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 University of South Carolina-Lancaster, the percentage of candidates who opt to avail of student loans is around 35%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

87%

Institution Grant Aid

31%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,661

State Grant Aid

$4,406

Institution Grant Aid

$1,254

Pell Grant

$4,591

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,744

$30,001 - $48,000

$7,795

$48,001 - $75,000

$6,189

$75,001 - $110,000

$4,823

Over $110,000

$4,243

Student Loans for University of South Carolina-Lancaster

Average Loan Amount Average Loan Amount received per year.

$4,829/Year

Students Taking Out Loans

40%

Loan Default Rate

14.5%

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