by our College Data Analytics TeamThe total cost of attendance at Folsom Lake College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Curious about the financial aid opportunities at Folsom Lake and what you may be eligible for? Explore the answers here.
$3,006.00 is the typical Folsom Lake College’s first year financial aid package. Approximately 88% of incoming freshmen obtain financial assistance, with the majority being offered as 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 Folsom Lake College.
As well as scholarships, 29% of freshmen (256 total) obtained a federal grant, for about $4,856.00 a piece.
These grants and scholarships are made up of mainly federal grants, plus some state and local awards.
29% of first years at Folsom Lake College (256 total) were awarded a federal grant, averaging $4,856.00.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.89% | $7,928.00 |
| Income 30k-48k | 5.97% | $6,904.00 |
| Income 48k-75k | 4.84% | $3,824.00 |
| Income 75k-110k | 1.13% | $3,285.00 |
| Income 110k + | 0.11% | $1,196.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
784 Folsom Lake undergrads obtain grant aid (this is about 88% of the entire undergraduate student population). The average amount these students receive is $3,006.00.Most of them are distributed as 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.