OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Knox College Financial Aid and Scholarships 2022

A private university by the name of Knox College is located in Galesburg, IL. It was in 1837 when the Knox College was founded. The motto of the Knox College is Latin: Veritas and its official colors are purple and gold. Across all the courses offered at Knox College, the enrolment stands at 1,258. The school has an academic staff of 120 who teach various courses to the students. There are around 57% of the students who are females and 43% are males at Knox College. At KC, around 99% of the s

Knox College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$42.657M

Financial Aid Official Website

https://www.knox.edu/financialaid

It is interesting to note that almost every student at KC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $5,467,091. One can visit KC's financial aid page at https://www.knox.edu/financialaid for more information. The total percentage of candidates applying to Knox College who receive the Federal Grant is 37%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 37% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,059, and the same stands at $4,483 for State Grant awardees and $31,827 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,589. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $37,226 on average in a year. The average aid amount stands at $32,301 for an annual family income between $30,001 and $48,000. This amount comes to $34,505 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 $30,713. And, for those with a family income of more than $110,000, the amount stands at $23,948. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 61% of the applicants to Knox College opt for student loans.

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