Showing posts with label Financial Aid. Show all posts
Showing posts with label Financial Aid. Show all posts

Student Loan Chart By School Level

image source: ed.gov
Student loan helps students who want to get financial aid to attend colleges but did not have chance to get grants or scholarships. Last year almost 2 Million students were helped by the student loans both public and private schools.

We analyze the student loan data and compare it by college level - 4 years, 2 -4 years, and less than 2 years college.Last year 774,910 students helped by student loan and average loan amount per student $ 6,006.

Here, we provide 3 type of charts - number of received, total amount and average amount of student loan by school type. Each chart shows all students loan, federal students loan, and private student loan. If want to see the student loan data by state, see state data - all students loan, federal student loan, and private student loan.

Student Loan Comparison Between Public and Private Colleges


Student loan helps students who want to get financial aid to attend colleges but did not have chance to get grants or scholarships. Last year almost 2 Million students were helped by the student loans both public and private schools.

Average Amount of Private Student Loan By State


Students who cannot get grants/scholarships or even federal student loan may seek private student loan to keep their life in campus. Usually, its interest rates are high relative to the federal student loan. In addition, it needs careful consideration for the loan provider. Besides the concerns, it may give a opportunity to build your future.

Here, we analyze and calculate average amount of private student loan per student who gets the private students loan by state.

Average Amount of Federal Student Loan By State


Students and their parents are motivated by the students loans since budget of grants or scholarships is not enough to cover all students who want financial help for their campus life. Among many sources of the loan, the federal student loan is preferred by most students because its reliability and low interest rates.

Here, we analyze and calculate average amount of federal student loan per student who gets the federal students loan by state.

Average Amount of Received Student Loan by State


Students and their parents are motivated by the students loans since budget of grants or scholarships is not enough to cover all students who want financial help for their campus life. Student loan may be not good way for your future, but, on the other side, it gives an opportunity to you for your future.

Here, we analyze and calculate average amount of student loan per student who gets any students loan by state.

Average Financial Aid Amounts for Colleges by State

Financial Aid such as scholarships, grants and student loans helps students and their parents to join colleges that they desire. Especially, as economy is down, the financial aid plays more important role for both college and students. Most colleges in US has own financial aid method and State or Government also have it. It may be not a good way but the student loan helps students to design their dream.

Here, we analyze and calculate average amount of financial aid by State. The average amount means estimated amount that a student gets from any kind of financial aid The financial aid includes scholarships form any source, federal, pell, local, or institutional grants, and students loans. Last year, the average amount of financial aid for all colleges (all states) was $ 8,793.

Terms Related To College Tuition and Financial Aid


Tuition: It is fees that students have to pay to colleges for attending the college. It does not include room and board, textbooks, or other fees.


Required Fees: It refers any type of fees excepting tuition.

Book and Supplies: It refers to the cost for purchasing textbooks and other supplies that classes requires.

Living Cost: It sums costs for Room and Board and Other expenses for daily life.

Room and board: The cost for sleeping and eating. Usually, the cost depends on type of stay: On-Campus and Off-Campus.

Scholarships: Scholarships are primarily awarded for academic merit (good grades) or for something you have accomplished (volunteer work or a specific project);

Federal student aid: FSA is the largest provider of student financial aid in the United States. Federal Student Aid (FSA) provides student financial assistance in the form of grants, loans, and work-study funds.

Financial need: It refers to the amount of a student's total cost of attendance that isn't covered by the expected family contribution or outside grants and scholarships.

Federal student loan: It refers to a form of financial aid that must be repaid, in contrast to other forms of financial aid such as scholarships and grants. Student loans play a very large role in U.S. higher education. In most of the rest of the developed world, higher education is provided free (or highly subsidised) at the point of service, and funded through general tax revenues. don't have to be paid while you're in college, and there are also a variety of loan forgiveness programs out there post-graduation. The rates and terms are generally more flexible than private loans.

Grants: Unlike loans, grants provide funds for college that is non-repayable.

*some contents of this page are from Wikipedia