$5,055

Avg. Federal Grant

$3,464

Avg. Federal Loan

$5,071,827

Total Aid Awarded

Canada College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

48%

Total Aid Amount Average Total Aid Awarded per year.

$5.072M

Financial Aid Official Website

canadacollege.edu/financialaid

As many as 78% of the students at CC get some sort of financial aid, and the total amount of assistance/loans provided is more than $315,759 in a year. More information regarding the financial assistance schemes can be accessed on CC’s official financial aid page at http://canadacollege.edu/financialaid. Notably, a total of 29% of the applicants to Canada College receive the Federal Grant every year. On the other hand, 78% of the candidates get the Student Grant, 71% receive the Institution Grant, and 29% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,247, the State Grant receivers and Institution Grant beneficiaries get $1,776 and $992, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,735. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

51%

Institution Grant Aid

21%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$5,055

State Grant Aid

$1,838

Institution Grant Aid

$960

Pell Grant

$4,908

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,262

$30,001 - $48,000

$8,026

$48,001 - $75,000

$5,142

$75,001 - $110,000

$4,320

Over $110,000

N/A

Student Loans for Canada College

Average Loan Amount Average Loan Amount received per year.

$3,464/Year

Students Taking Out Loans

N/A

Loan Default Rate

24.5%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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