OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Spelman College Financial Aid and Scholarships 2022

Located in Atlanta, GA, Spelman College is a private university. Spelman College was founded in the year 1881. Spelman College believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is Our Whole School for Christ and its official colors are columbia blue and white. Across all the courses offered at Spelman College, the enrolment stands at 2,120. To teach various courses to the students, the school

Spelman College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$25.134M

Financial Aid Official Website

www.spelman.edu/admissions/financial-aid

As many as 97% of the students at SC get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,482,783 in a year. One can visit SC's financial aid page at http://www.spelman.edu/admissions/financial-aid for more information. Notably, a total of 46% of the applicants to Spelman College receive the Federal Grant every year. In comparison, 87% of the students are awarded the Student Grant, 57% get the Institution Grant, and 46% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,312, while the same comes to $4,654 for State Grant receivers and $8,856 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,359. 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 $14,384 on average in a year. The average aid amount stands at $11,299 for an annual family income between $30,001 and $48,000. This amount comes to $10,651 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $5,146 for those with an annual family income between $75,001 and $110,000, and at $5,409 for an income more than $110,000. 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 SC, an estimated number of 84% of the applicants choose to go for student loans.

Minumum Credit Score	Apply in as little as	Variable APR	Fixed APR
Not Available	15 minutes or less	2.95	4.74	View disclosures
620	2 minutes	5.38%-16.99%¹	4.43%-16.99%¹	View disclosures
Not Available	15 minutes	1.13% - 11.23%¹ (with autopay)	3.50% - 12.60%¹ (with autopay)	View disclosures

Minumum Credit Score

Apply in as little as

Variable APR

Fixed APR

Not Available

15 minutes or less

2.95

4.74

View disclosures

620

2 minutes

5.38%-16.99%¹

4.43%-16.99%¹

View disclosures

Not Available

15 minutes

1.13% - 11.23%¹ (with autopay)

3.50% - 12.60%¹ (with autopay)

View disclosures

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