Grace College and Theological Seminary Financial Aid and Scholarships
Students Receiving Aid
81%
Total Aid Amount
$17.150M
Financial Aid Official Website
www.grace.edu/admissions/undergraduate-admissions/financial-aid-scholarships
Notably, 98% of the students at Grace College and Theological Seminary get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,891,100. Notably, a total of 41% of the applicants to Grace College and Theological Seminary receive the Federal Grant every year. In comparison, 97% of the students are awarded the Student Grant, 93% get the Institution Grant, and 39% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,313, while the same comes to $6,831 for State Grant receivers and $10,520 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,316. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 71% of the applicants to Grace College and Theological Seminary opt for student loans.
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