by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$3,713.00 is the typical Canada College’s first year financial aid package. 76% of first-year students are awarded financial aid, primarily comprising loans.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Canada College.
As well as scholarships, 28% of freshmen (99 total) obtained a federal grant, for about $5,204.00 a piece.
The stats and the chart following pertain to primarily grants from federal sources, plus some local and state grants.
28% of first years at Canada College (99 total) obtained a federal grant, averaging $5,204.00.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.00% | $8,277.00 |
| Income 30k-48k | 8.86% | $7,233.00 |
| Income 48k-75k | 5.43% | $4,746.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 350 undergraduate students at Canada College around 76% (266 total) receive some form of grant aid. The typical amount awarded was $3,713.00.The bulk of which are Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.