Financial Aid at SRC
Financial Aid Amount Received
$5,362 (42.76% of tuition)
Percent of Financial Aid Received
78% of 1,212 students
995 undergraduate students (78% of all students) have received grants, scholarships, and/or federal student loans at Spoon River College. The percentage of students who received financial aid extremely higher compared to Public, 2-4 Years Colleges in Illinois.
Compared to similar schools in rankings such as City Colleges of Chicago-Malcolm X College and Joliet Junior College, the percentage of students who received financial aid is much higher (the average of the schools is 56.67%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $5,362 and the average loan amount is $4,369. The average financial aid amount is 42.76% of tuition & fees based on out-of-state rate (tuition & fees: $12,540).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 995 | 78% | $5,334,770 | $5,362 |
| Pell Grants | 385 | 30% | $1,752,831 | $4,553 |
| Federal Students Loans | 127 | 10% | $554,859 | $4,369 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 123 students have received one or more types of financial aid at Spoon River College.
The average amount of federal, state, local or institutional grant aid is $6,130 and the average amount of student loans awarded to full-time first-time undergraduate students is $4,698.
The following table shows the financial data by type of aid at Spoon River College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 123 | 98% | - | - |
| Grant or scholarship aid | 123 | 98% | $754,008 | $6,130 |
| Federal Grants | 121 | 96% | $554,412 | $4,582 |
| Pell Grants | 63 | 50% | $299,512 | $4,754 |
| Other Federal Grants | 114 | 90% | $254,900 | $2,236 |
| State/Local Grants | 54 | 43% | $101,480 | $1,879 |
| Institutional Grants | 55 | 44% | $98,116 | $1,784 |
| Student Loans | 23 | 18% | $108,053 | $4,698 |
| Federal Student Loans | 23 | 18% | $100,253 | $4,359 |
| Other Student Loans | 1 | 1% | $7,800 | $7,800 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Spoon River College.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $393,000 | $5,311 |
| 0 - $30,000 | 28 | 28 | $187,867 | $6,710 |
| $30,001 - $48,000 | 11 | 11 | $94,788 | $8,617 |
| $48,001 - $75,000 | 18 | 17 | $86,609 | $4,812 |
| $75,001 - $110,000 | 7 | 2 | $4,633 | $662 |
| $110,001 - more | 10 | 5 | $19,103 | $1,910 |
Paid Tuition Rates by Residency
At Spoon River College, for the first-time/full-time students, 36 students have paid in-state rate of tuition and 6 students have paid out-of-state tuition rate. In addition, 83 students have paid in-district rate of tuition.
| # of Students | |
|---|---|
| In-District Rate | 83 |
| In-State Rate | 36 |
| Out-of-State Rate | 6 |
| Un-known | 1 |