$5,435

Avg. Federal Grant

$2,432

Avg. Federal Loan

$12,258,098

Total Aid Awarded

Carl Sandburg College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$12.258M

Financial Aid Official Website

sandburg.edu/Services/Financial-Aid/index.html

It is interesting to note that, every year, around 88% of students at CSC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,115,977. More information regarding the financial assistance schemes can be accessed on CSC’s official financial aid page at http://sandburg.edu/Services/Financial-Aid/index.html. The total percentage of candidates applying to Carl Sandburg College who receive the Federal Grant is 57%. In comparison, 88% of the students are awarded the Student Grant, 31% get the Institution Grant, and 53% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,065, the State Grant receivers and Institution Grant beneficiaries get $3,573 and $3,571, respectively. And, for the Pell Grant awardees, the average aid amount is $4,906. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 8% of the applicants to Carl Sandburg College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

69%

State Grant Aid

48%

Institution Grant Aid

39%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$5,435

State Grant Aid

$4,266

Institution Grant Aid

$3,617

Pell Grant

$4,028

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,594

$30,001 - $48,000

$5,714

$48,001 - $75,000

$2,887

$75,001 - $110,000

$859

Over $110,000

N/A

Student Loans for Carl Sandburg College

Average Loan Amount Average Loan Amount received per year.

$2,432/Year

Students Taking Out Loans

8%

Loan Default Rate

8.2%

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