$5,785

Avg. Federal Grant

$4,736

Avg. Federal Loan

$9,147,400

Total Aid Awarded

Vernon College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$9.147M

Financial Aid Official Website

www.vernoncollege.edu/financial-aid-home-page

Such schemes include Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. Notably, 88% of the students at Vernon College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,700,830. Notably, a total of 66% of the applicants to Vernon College receive the Federal Grant every year. Meanwhile, 80% of the applicants receive the Student Grant and 21% are awarded the Institution Grant, while 66% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,434, the State Grant receivers and Institution Grant beneficiaries get $3,020 and $3,591, respectively. And, for the Pell Grant awardees, the average aid amount is $5,460. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At VC, an estimated number of 39% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

27%

Institution Grant Aid

21%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$5,785

State Grant Aid

$2,824

Institution Grant Aid

$4,377

Pell Grant

$5,637

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,308

$30,001 - $48,000

$6,833

$48,001 - $75,000

$4,287

$75,001 - $110,000

$1,538

Over $110,000

$1,794

Student Loans for Vernon College

Average Loan Amount Average Loan Amount received per year.

$4,736/Year

Students Taking Out Loans

44%

Loan Default Rate

18.2%

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