$4,918

Avg. Federal Grant

$4,521

Avg. Federal Loan

$3,634,912

Total Aid Awarded

Clarendon College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$3.635M

Financial Aid Official Website

N/A

Among them are scholarship programs such as Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. It is interesting to note that, every year, around 88% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,073,552. The total percentage of candidates applying to Clarendon College who receive the Federal Grant is 50%. On the other hand, 86% of the candidates get the Student Grant, 67% receive the Institution Grant, and 50% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,918, and the same stands at $1,796 for State Grant awardees and $1,995 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,851. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At CC, an estimated number of 51% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

24%

Institution Grant Aid

62%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$4,918

State Grant Aid

$1,796

Institution Grant Aid

$1,995

Pell Grant

$4,826

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,653

$30,001 - $48,000

$6,057

$48,001 - $75,000

$5,126

$75,001 - $110,000

$1,816

Over $110,000

$3,052

Student Loans for Clarendon College

Average Loan Amount Average Loan Amount received per year.

$4,527/Year

Students Taking Out Loans

48%

Loan Default Rate

6.8%

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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