$4,365

Avg. Federal Grant

$5,056

Avg. Federal Loan

$4,195,153

Total Aid Awarded

Bay College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$4.195M

Financial Aid Official Website

https://www.baycollege.edu/admissions/paying-college/index.php

It is interesting to note that, every year, around 78% of students at BNCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,418,268. Notably, a total of 49% of the applicants to Bay de Noc Community College receive the Federal Grant every year. On the other hand, 69% of the candidates get the Student Grant, 25% receive the Institution Grant, and 49% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,396, while the same comes to $3,501 for State Grant receivers and $1,701 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,086. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Bay de Noc Community College, the percentage of candidates who opt to avail of student loans is around 33%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

24%

Institution Grant Aid

28%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,365

State Grant Aid

$3,348

Institution Grant Aid

$1,689

Pell Grant

$4,936

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,724

$30,001 - $48,000

$5,859

$48,001 - $75,000

$3,006

$75,001 - $110,000

$550

Over $110,000

$4,575

Student Loans for Bay College

Average Loan Amount Average Loan Amount received per year.

$5,056/Year

Students Taking Out Loans

32%

Loan Default Rate

21.5%

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