$5,043

Avg. Federal Grant

$4,934

Avg. Federal Loan

$6,062,379

Total Aid Awarded

Victoria College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$6.062M

Financial Aid Official Website

www.victoriacollege.edu/financialaid

Among them are scholarship programs such as 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. It is interesting to note that, every year, around 79% of students at VC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,718,119. The total percentage of candidates applying to Victoria College who receive the Federal Grant is 54%. On the other hand, 69% of the candidates get the Student Grant, 29% receive the Institution Grant, and 54% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,575, and the same stands at $1,736 for State Grant awardees and $967 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,372. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 9% of the applicants to Victoria College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

18%

Institution Grant Aid

25%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$5,043

State Grant Aid

$2,737

Institution Grant Aid

$1,131

Pell Grant

$4,947

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,543

$30,001 - $48,000

$6,964

$48,001 - $75,000

$4,059

$75,001 - $110,000

$754

Over $110,000

$55

Student Loans for Victoria College

Average Loan Amount Average Loan Amount received per year.

$4,934/Year

Students Taking Out Loans

8%

Loan Default Rate

10.8%

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