$4,304

Avg. Federal Grant

$5,672

Avg. Federal Loan

$663,901

Total Aid Awarded

Visible Music College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$663.901K

Financial Aid Official Website

https://visible.vfao.com/default.aspx

It is interesting to note that, every year, around 94% of students at VMC receive some kind of financial aid, while the total amount of assistance/loans provided is $775,518. One can visit VMC's financial aid page at https://visible.vfao.com/default.aspx for more information. The total percentage of candidates applying to Visible Music College who receive the Federal Grant is 60%. On the other hand, 91% of the candidates get the Student Grant, 66% receive the Institution Grant, and 60% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,880. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $10,226 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $4,003 and $4,017, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $4,958. And, for those with a family income of more than $110,000, the amount stands at $3,583. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 71% of the applicants to Visible Music College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

N/A

Institution Grant Aid

93%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,304

State Grant Aid

N/A

Institution Grant Aid

$3,388

Pell Grant

$4,273

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,419

$30,001 - $48,000

$6,920

$48,001 - $75,000

$5,322

$75,001 - $110,000

$5,693

Over $110,000

$2,250

Student Loans for Visible Music College

Average Loan Amount Average Loan Amount received per year.

$6,037/Year

Students Taking Out Loans

79%

Loan Default Rate

11.1%

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