$4,290

Avg. Federal Grant

$4,607

Avg. Federal Loan

$12,308,453

Total Aid Awarded

Anne Arundel Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

30%

Total Aid Amount Average Total Aid Awarded per year.

$12.308M

Financial Aid Official Website

www.aacc.edu/about/administrative-offices/financial-aid/

It is interesting to note that, every year, around 43% of students at AACC receive some kind of financial aid, while the total amount of assistance/loans provided is $5,682,550. For additional information about financial assistance schemes, one can head over to AACC’s financial aid page at http://www.aacc.edu/about/administrative-offices/financial-aid/. The total percentage of candidates applying to Anne Arundel Community College who receive the Federal Grant is 28%. Meanwhile, 33% of the applicants receive the Student Grant and 9% are awarded the Institution Grant, while 28% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,497, and the same stands at $1,467 for State Grant awardees and $1,771 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,322. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 Anne Arundel Community College, the percentage of candidates who opt to avail of student loans is around 12%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

28%

State Grant Aid

11%

Institution Grant Aid

8%

Pell Grant

28%

Average Aid Awarded

Federal Grant Aid

$4,290

State Grant Aid

$1,350

Institution Grant Aid

$1,292

Pell Grant

$4,188

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,018

$30,001 - $48,000

$4,477

$48,001 - $75,000

$1,891

$75,001 - $110,000

$561

Over $110,000

N/A

Student Loans for Anne Arundel Community College

Average Loan Amount Average Loan Amount received per year.

$4,750/Year

Students Taking Out Loans

11%

Loan Default Rate

10.3%