$4,855

Avg. Federal Grant

$4,883

Avg. Federal Loan

$25,362,009

Total Aid Awarded

Bunker Hill Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$25.362M

Financial Aid Official Website

www.bhcc.mass.edu/financialaid/

It is interesting to note that, every year, around 72% of students at BHCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,366,452. For additional information about financial assistance schemes, one can head over to BHCC’s financial aid page at http://www.bhcc.mass.edu/financialaid/. At BHCC, the total percentage of applicants who receive the Federal Grant stands at 62%. On the other hand, 72% of the candidates get the Student Grant, 26% receive the Institution Grant, and 62% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,950, while the same comes to $947 for State Grant receivers and $298 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,641. 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. 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. At BHCC, an estimated number of 5% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

30%

Institution Grant Aid

1%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,855

State Grant Aid

$1,083

Institution Grant Aid

$297

Pell Grant

$4,801

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with Federal grants having the highest percentage contribution of 59% with an average aid amount being $4,855.

Pell grants have a percentage of 58% with an average aid amount of $4,801 which is higher than the State grant aid average of $1,083.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,557

$30,001 - $48,000

$4,817

$48,001 - $75,000

$3,323

$75,001 - $110,000

$706

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. For those students who have a family income under $30,000 can expect to receive an aid amount of $5,557 while those with family income between $75,001 to $110,000 can expect to receive $706 but there is so sufficient information available for those with family income over $110,000 please refer to the official website. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Bunker Hill Community College

Average Loan Amount Average Loan Amount received per year.

$5,144/Year

Students Taking Out Loans

7%

Loan Default Rate

9.5%

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