$4,957

Avg. Federal Grant

$4,656

Avg. Federal Loan

$15,036,121

Total Aid Awarded

St Philips College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

29%

Total Aid Amount Average Total Aid Awarded per year.

$15.036M

Financial Aid Official Website

www.alamo.edu/district/financial-aid/

It is interesting to note that, every year, around 86% of students at SPC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,291,318. For additional information about financial assistance schemes, one can head over to SPC’s financial aid page at http://www.alamo.edu/district/financial-aid/. At SPC, the total percentage of applicants who receive the Federal Grant stands at 70%. Meanwhile, 85% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 70% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,223, while the same comes to $2,134 for State Grant receivers and $2,041 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,258. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At SPC, an estimated number of 7% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

74%

State Grant Aid

73%

Institution Grant Aid

16%

Pell Grant

74%

Average Aid Awarded

Federal Grant Aid

$4,957

State Grant Aid

$1,814

Institution Grant Aid

$1,696

Pell Grant

$4,902

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,852

$30,001 - $48,000

$5,305

$48,001 - $75,000

$4,327

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for St Philips College

Average Loan Amount Average Loan Amount received per year.

$4,756/Year

Students Taking Out Loans

8%

Loan Default Rate

11.9%

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