$4,775

Avg. Federal Grant

$2,811

Avg. Federal Loan

$8,231,525

Total Aid Awarded

Grayson College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$8.232M

Financial Aid Official Website

www.grayson.edu/gettingstarted/Financial%20Aid/index.html

Notably, 79% of the students at Grayson College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,811,984. The total percentage of candidates applying to Grayson College who receive the Federal Grant is 58%. In comparison, 71% of the students are awarded the Student Grant, 5% get the Institution Grant, and 58% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,710, while the same comes to $1,654 for State Grant receivers and $1,073 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,985. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 10% of the applicants to Grayson College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

37%

Institution Grant Aid

26%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$4,775

State Grant Aid

$1,617

Institution Grant Aid

$1,968

Pell Grant

$4,765

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,935

$30,001 - $48,000

$5,560

$48,001 - $75,000

$3,062

$75,001 - $110,000

$580

Over $110,000

$891

Student Loans for Grayson College

Average Loan Amount Average Loan Amount received per year.

$2,894/Year

Students Taking Out Loans

14%

Loan Default Rate

22.5%

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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