by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What amount of SMC financial assistance will actually be available to you?Get answers to your questions here.
Santa Monica College average financial aid offer for freshmen students is $4,604.00. About 66% of first year students receive 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.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Santa Monica College.
In addition to scholarships, 38% of freshman students (1410 total) obtained federal grant aid, averaging $4,890.00 a piece.
The following grants and scholarships consist of mostly federally provided grants, as well as some state and local grants.
38% of first years at Santa Monica College (1410 total) were awarded a federal grant, averaging $4,890.00.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.33% | $7,393.00 |
| Income 30k-48k | 7.25% | $6,946.00 |
| Income 48k-75k | 4.09% | $4,976.00 |
| Income 75k-110k | 0.48% | $2,384.00 |
| 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.
66% of the 3740 undergraduates at Santa Monica College receive some sort of grant aid. This is a total of about 2460 students getting an average of $4,604.00 per person.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.