Amarillo College Financial Aid and Scholarships
Students Receiving Aid
46%
Total Aid Amount
$16.472M
Financial Aid Official Website
https://www.actx.edu/fin/
Such schemes include Abe and Annie Seibel Foundation Loan, Association of Information Technology Professionals Scholarship, Benjamin Gimp Raffkind Memorial Scholarship, and Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption. It is interesting to note that, every year, around 72% of students at AC receive some kind of financial aid, while the total amount of assistance/loans provided is $9,173,314. At AC, the total percentage of applicants who receive the Federal Grant stands at 59%. Meanwhile, 70% of the applicants receive the Student Grant and 18% are awarded the Institution Grant, while 59% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,524, while the same comes to $2,544 for State Grant receivers and $612 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,697. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 9% of the applicants to Amarillo College opt for student loans.
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