$4,843

Avg. Federal Grant

$4,554

Avg. Federal Loan

$17,941,681

Total Aid Awarded

Cabrillo College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$17.942M

Financial Aid Official Website

www.cabrillo.edu/services/finaid/

Notably, 76% of the students at Cabrillo College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,228,228. More information regarding the financial assistance schemes can be accessed on CC’s official financial aid page at http://www.cabrillo.edu/services/finaid/. The total percentage of candidates applying to Cabrillo College who receive the Federal Grant is 38%. On the other hand, 74% of the candidates get the Student Grant, 7% receive the Institution Grant, and 38% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,865, and the same stands at $1,886 for State Grant awardees and $653 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,835. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Cabrillo College, the percentage of candidates who opt to avail of student loans is around 1%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

61%

Institution Grant Aid

12%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,843

State Grant Aid

$2,155

Institution Grant Aid

$580

Pell Grant

$4,702

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with federal grants having the highest contribution of 39% with an average aid amount being $4,843.

  • Almost 39% of the students receive Pell Grants which add up to a normal of around $4,702.

  • Roughly 61% of the students are eligible for state awards at a normal of around $2,155.

  • 12% of the students get institutional awards which add up to a normal of around $580.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,399

$30,001 - $48,000

$7,477

$48,001 - $75,000

$5,078

$75,001 - $110,000

$2,910

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 a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $8,399 whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $7,477

The student who has a family income ranging from $48,001 to $75,000 the average federal aid provided is $5,078 whereas the student having an annual income ranging from $75,001 to $110,000 the average federal provided is around $2,910. And the student has an annual income range greater than $110,000, the information is not available please refer official website for more information. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Cabrillo College

Average Loan Amount Average Loan Amount received per year.

$4,554/Year

Students Taking Out Loans

1%

Loan Default Rate

17.7%

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