$4,773

Avg. Federal Grant

$4,813

Avg. Federal Loan

$4,745,285

Total Aid Awarded

Alpena Community College (ACC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$4.745M

Financial Aid Official Website

www.alpenacc.edu

Notably, 89% of the students at Alpena Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,427,506. The total percentage of candidates applying to Alpena Community College who receive the Federal Grant is 56%. On the other hand, 77% of the candidates get the Student Grant, 33% receive the Institution Grant, and 56% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,848, and the same stands at $3,976 for State Grant awardees and $1,631 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,594. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Alpena Community College, the percentage of candidates who opt to avail of student loans is around 30%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

34%

Institution Grant Aid

28%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,773

State Grant Aid

$3,636

Institution Grant Aid

$1,668

Pell Grant

$4,664

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,098

$30,001 - $48,000

$6,579

$48,001 - $75,000

$3,203

$75,001 - $110,000

$1,283

Over $110,000

$633

Student Loans for Alpena Community College (ACC)

Average Loan Amount Average Loan Amount received per year.

$5,600/Year

Students Taking Out Loans

34%

Loan Default Rate

16.1%

Other Colleges In Michigan

Hillsdale College
Hillsdale College

Hillsdale, Michigan

Calvin College
Calvin College

Grand Rapids, Michigan

Michigan State University (MSU)
Michigan State University (MSU)

East Lansing, Michigan

Other Public Colleges