Kenyon College Financial Aid and Scholarships
Students Receiving Aid
58%
Total Aid Amount
$36.389M
Financial Aid Official Website
www.kenyon.edu/admissions-aid/
Students can avail of scholarships provided by the college, such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Distinguished Academic Scholarships, and Dr. Allen Smith Memorial Scholarship, if they find educational expenses to be on the higher side. Notably, 73% of the students at Kenyon College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,422,529. One can visit KC's financial aid page at http://www.kenyon.edu/admissions-aid/ for more information. Notably, a total of 10% of the applicants to Kenyon College receive the Federal Grant every year. In comparison, 70% of the students are awarded the Student Grant, 70% get the Institution Grant, and 10% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $6,917, the State Grant receivers and Institution Grant beneficiaries get $2,691 and $32,860, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,474. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $54,677 per year. The average aid amount stands at $52,384 for an annual family income between $30,001 and $48,000. This amount comes to $51,882 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $48,072. And, for those with a family income of more than $110,000, the amount stands at $23,697. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Kenyon College, the percentage of candidates who opt to avail of student loans is around 32%.
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