$4,608

Avg. Federal Grant

$4,869

Avg. Federal Loan

$11,720,875

Total Aid Awarded

Arapahoe Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

15%

Total Aid Amount Average Total Aid Awarded per year.

$11.721M

Financial Aid Official Website

www.arapahoe.edu/paying-college/financial-aid

Students can avail of scholarships provided by the college, such as Boettcher Foundation Scholarship, Colorado Ski Authority Annual Scholarship, Log Cabin Rustics Scholarship, and Western Undergraduate Exchange, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 53% of students at ACC receive some kind of financial aid, while the total amount of assistance/loans provided is $9,061,059. Notably, a total of 26% of the applicants to Arapahoe Community College receive the Federal Grant every year. In comparison, 38% of the students are awarded the Student Grant, 14% get the Institution Grant, and 26% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,316, the State Grant receivers and Institution Grant beneficiaries get $2,019 and $2,116, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,951. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At ACC, an estimated number of 28% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

28%

Institution Grant Aid

8%

Pell Grant

30%

Average Aid Awarded

Federal Grant Aid

$4,608

State Grant Aid

$2,108

Institution Grant Aid

$1,680

Pell Grant

$4,568

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with federal grants having the 30% contribution with an average aid amount being $4,608.

Pell grants have a percentage of %30 with an average aid amount of $4,568  than the State grant aid average of $2,108 with 28%. For further details refer to the official website.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,959

$30,001 - $48,000

$6,419

$48,001 - $75,000

$2,858

$75,001 - $110,000

$1,132

Over $110,000

N/A

As shown in the table lower the family income higher is the amount of aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $6,959. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Arapahoe Community College

Average Loan Amount Average Loan Amount received per year.

$4,978/Year

Students Taking Out Loans

27%

Loan Default Rate

8.5%

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