Guilford College Financial Aid and Scholarships
Students Receiving Aid
80%
Total Aid Amount
$28.614M
Financial Aid Official Website
https://www.guilford.edu/admission-and-aid/financial-aid-and-costs
Among them are scholarship programs such as Achievement Award, Charles A. Dana Scholarship, Corella and Bertram F. Bonner Scholarship, and George I. Alden Excellence Scholarship. It is interesting to note that almost every student at GC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,996,222. More information regarding the financial assistance schemes can be accessed on GC’s official financial aid page at https://www.guilford.edu/admission-and-aid/financial-aid-and-costs. The total percentage of candidates applying to Guilford College who receive the Federal Grant is 51%. Meanwhile, 100% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 51% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,298, while the same comes to $5,088 for State Grant receivers and $23,196 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,999. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $26,054 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $26,769, while those falling in the $48,001-$75,000 income category get $25,041 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $21,963. And, for those with a family income of more than $110,000, the amount stands at $20,943. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Guilford College, the percentage of candidates who opt to avail of student loans is around 90%.
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