$4,986

Avg. Federal Grant

$6,339

Avg. Federal Loan

$21,755,307

Total Aid Awarded

St. Thomas Aquinas College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$21.755M

Financial Aid Official Website

www.stac.edu/cost-aid

It is interesting to note that almost every student at STAC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,969,076. One can visit STAC's financial aid page at http://www.stac.edu/cost-aid for more information. At STAC, the total percentage of applicants who receive the Federal Grant stands at 36%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,516, while the same comes to $4,398 for State Grant receivers and $21,340 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,672. 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 $30,205 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,434, while those falling in the $48,001-$75,000 income category get $22,413 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $16,752. And, for those with a family income of more than $110,000, the amount stands at $17,901. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. Every year, around 60% of the applicants to St. Thomas Aquinas College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

37%

Institution Grant Aid

97%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,986

State Grant Aid

$4,462

Institution Grant Aid

$20,534

Pell Grant

$4,753

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$31,969

$30,001 - $48,000

$26,682

$48,001 - $75,000

$22,515

$75,001 - $110,000

$19,100

Over $110,000

$17,650

Student Loans for St. Thomas Aquinas College

Average Loan Amount Average Loan Amount received per year.

$7,601/Year

Students Taking Out Loans

71%

Loan Default Rate

6.7%

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