Eastern Nazarene College (ENC) Financial Aid and Scholarships
Students Receiving Aid
95%
Total Aid Amount
$12.678M
Financial Aid Official Website
https://enc.edu/undergraduate/financial-aid/
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 $3,274,148. One can visit ENC's financial aid page at https://enc.edu/undergraduate/financial-aid/ for more information. At ENC, the total percentage of applicants who receive the Federal Grant stands at 54%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 54% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,373, the State Grant receivers and Institution Grant beneficiaries get $1,792 and $16,354, respectively. And, for the Pell Grant awardees, the average aid amount is $4,518. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $28,740 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $29,647, while those falling in the $48,001-$75,000 income category get $27,726 a year. Those with an annual income level of $75,001-$110,000 would receive $26,056, while candidates with more than $110,000 of family income receive an average federal aid of $23,528. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At Eastern Nazarene College, the percentage of candidates who opt to avail of student loans is around 77%.
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