Southeast Arkansas College Financial Aid and Scholarships
Students Receiving Aid
84%
Total Aid Amount
$5.220M
Financial Aid Official Website
www.seark.edu/admissions/financial-aid
As many as 95% of the students at SAC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,341,078 in a year. For additional information about financial assistance schemes, one can head over to SAC’s financial aid page at http://www.seark.edu/admissions/financial-aid. Notably, a total of 82% of the applicants to Southeast Arkansas College receive the Federal Grant every year. Meanwhile, 93% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 82% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,836, while the same comes to $662 for State Grant receivers and $713 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,612. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 18% of the applicants to Southeast Arkansas College opt for student loans.