by our College Data Analytics TeamMany students attending Salem Community College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What amount of Salem County College financial assistance will actually be available to you?Get answers to your questions here.
$5,399.00 is the typical Salem Community College’s first year financial aid package. 77% of reshman students get financial aid, most of which is in the form of 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.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Salem Community College.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
0% of first-year students (1 total) were offered scholarships at Salem Community College, averaging $3,105.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 51% of first-year students (116 total) got federal grant aid, averaging $4,823.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.40% | $6,620.00 |
| Income 30k-48k | 9.61% | $6,548.00 |
| Income 48k-75k | 10.04% | $4,077.00 |
| Income 75k-110k | 1.75% | $1,490.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 229 undergraduate students at Salem Community College around 77% (129 total) receive some form of grant aid. The typical amount awarded was $5,399.00.The majority of which come in the form of 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.