$6,624

Avg. Federal Grant

$6,590

Avg. Federal Loan

$4,375,900

Total Aid Awarded

Voorhees College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$4.376M

Financial Aid Official Website

www.voorhees.edu

Notably, 99% of the students at Voorhees College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,087,602. The total percentage of candidates applying to Voorhees College who receive the Federal Grant is 87%. Meanwhile, 94% of the applicants receive the Student Grant and 32% are awarded the Institution Grant, while 86% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,893, the State Grant receivers and Institution Grant beneficiaries get $3,989 and $4,366, respectively. And, for the Pell Grant awardees, the average aid amount is $5,540. 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. 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. Candidates are also required to repay these loans within a given period. Every year, around 80% of the applicants to Voorhees College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

84%

State Grant Aid

33%

Institution Grant Aid

14%

Pell Grant

84%

Average Aid Awarded

Federal Grant Aid

$6,624

State Grant Aid

$4,009

Institution Grant Aid

$3,071

Pell Grant

$5,268

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,143

$30,001 - $48,000

$7,226

$48,001 - $75,000

$2,692

$75,001 - $110,000

$333

Over $110,000

N/A

Student Loans for Voorhees College

Average Loan Amount Average Loan Amount received per year.

$6,590/Year

Students Taking Out Loans

84%

Loan Default Rate

21.7%

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