$6,044

Avg. Federal Grant

$3,145

Avg. Federal Loan

$3,740,106

Total Aid Awarded

Zane State College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

30%

Total Aid Amount Average Total Aid Awarded per year.

$3.740M

Financial Aid Official Website

https://my.zanestate.edu/ICS/Finances/

Such schemes include Dr. Allen Smith Memorial Scholarship, Educational Assistance Commitment Grant, James R. Hunt Memorial Scholarship, and Larry and Doris Clark Scholarship. As many as 84% of the students at ZSC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,468,043 in a year. Notably, a total of 58% of the applicants to Zane State College receive the Federal Grant every year. Meanwhile, 83% of the applicants receive the Student Grant and 31% are awarded the Institution Grant, while 58% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,199, while the same comes to $2,909 for State Grant receivers and $2,753 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,241. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At ZSC, an estimated number of 33% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

2%

Institution Grant Aid

32%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$6,044

State Grant Aid

$2,165

Institution Grant Aid

$2,913

Pell Grant

$5,954

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,833

$30,001 - $48,000

$5,098

$48,001 - $75,000

$3,901

$75,001 - $110,000

$929

Over $110,000

$586

Student Loans for Zane State College

Average Loan Amount Average Loan Amount received per year.

$3,218/Year

Students Taking Out Loans

38%

Loan Default Rate

19.9%

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