$6,852

Avg. Federal Grant

$5,283

Avg. Federal Loan

$57,689,619

Total Aid Awarded

Austin Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

24%

Total Aid Amount Average Total Aid Awarded per year.

$57.690M

Financial Aid Official Website

www.austincc.edu/students/financial-aid

Students can avail of scholarships provided by the college, such as Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship, if they find educational expenses to be on the higher side. Notably, 57% of the students at Austin Community College District get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $89,735,636. At ACCD, the total percentage of applicants who receive the Federal Grant stands at 35%. Meanwhile, 38% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 35% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,028, and the same stands at $2,777 for State Grant awardees and $1,147 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,591. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 54% of the applicants to Austin Community College District opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

10%

Institution Grant Aid

18%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$6,852

State Grant Aid

$2,612

Institution Grant Aid

$1,019

Pell Grant

$6,734

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,647

$30,001 - $48,000

$7,776

$48,001 - $75,000

$3,082

$75,001 - $110,000

$196

Over $110,000

$76

Student Loans for Austin Community College

Average Loan Amount Average Loan Amount received per year.

$5,411/Year

Students Taking Out Loans

58%

Loan Default Rate

12.3%

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