$7,048

Avg. Federal Grant

$6,547

Avg. Federal Loan

$60,110,443

Total Aid Awarded

College of the Holy Cross Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$60.110M

Financial Aid Official Website

www.holycross.edu/admissions-aid/financial-aid

Among them are scholarship programs such as Bean Scholarship, Brooks Scholarship, Carnegie Dartlet $10,000 Scholarship, and College of the Holy Cross - MASSGrant. Notably, 75% of the students at College of the Holy Cross get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,220,731. For additional information about financial assistance schemes, one can head over to CHC’s financial aid page at http://www.holycross.edu/admissions-aid/financial-aid. At CHC, the total percentage of applicants who receive the Federal Grant stands at 14%. On the other hand, 65% of the candidates get the Student Grant, 65% receive the Institution Grant, and 14% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,771, and the same stands at $3,290 for State Grant awardees and $32,658 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,694. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $52,787 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $50,326, while those falling in the $48,001-$75,000 income category get $47,080 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $36,546. And, for those with a family income of more than $110,000, the amount stands at $16,588. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 College of the Holy Cross, the percentage of candidates who opt to avail of student loans is around 53%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

15%

State Grant Aid

8%

Institution Grant Aid

61%

Pell Grant

15%

Average Aid Awarded

Federal Grant Aid

$7,048

State Grant Aid

$2,279

Institution Grant Aid

$35,194

Pell Grant

$4,664

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$52,578

$30,001 - $48,000

$49,645

$48,001 - $75,000

$48,021

$75,001 - $110,000

$36,891

Over $110,000

$19,005

Student Loans for College of the Holy Cross

Average Loan Amount Average Loan Amount received per year.

$6,547/Year

Students Taking Out Loans

56%

Loan Default Rate

1.8%

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