Saint Norbert College Financial Aid and Scholarships
Students Receiving Aid
95%
Total Aid Amount
$40.284M
Financial Aid Official Website
www.snc.edu/financialaid/
Interestingly, almost all of the students at SNC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,866,182 in a year. One can visit SNC's financial aid page at http://www.snc.edu/financialaid/ for more information. Notably, a total of 24% of the applicants to Saint Norbert College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 24% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,637, while the same comes to $3,113 for State Grant receivers and $20,918 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,211. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $28,976 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $26,019, while those falling in the $48,001-$75,000 income category get $25,282 a year. Those with an annual income level of $75,001-$110,000 would receive $22,014, while candidates with more than $110,000 of family income receive an average federal aid of $16,177. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 69% of the applicants to Saint Norbert College opt for student loans.