Cornell College Financial Aid and Scholarships
Students Receiving Aid
98%
Total Aid Amount
$26.437M
Financial Aid Official Website
www.cornellcollege.edu/financial_assistance/
Among them are scholarship programs such as Academic Community Enrichment Scholarship (ACE), All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, and Bill & Hilda Macomber Alta Kahl Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,360,805. More information regarding the financial assistance schemes can be accessed on CC’s official financial aid page at http://www.cornellcollege.edu/financial_assistance/. The total percentage of candidates applying to Cornell College who receive the Federal Grant is 29%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 29% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,855, while the same comes to $5,783 for State Grant receivers and $27,661 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,506. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $35,351 per year. The average aid amount stands at $34,571 for an annual family income between $30,001 and $48,000. This amount comes to $30,446 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $28,024, while candidates with more than $110,000 of family income receive an average federal aid of $24,251. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CC, an estimated number of 62% of the applicants choose to go for student loans.
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