Avg. Federal Grant
Avg. Federal Loan
Total Aid Awarded
Financial Aid Breakdown
The Federal loans receive a large weightage in terms of being a ready financial aid provided by the government. The average of Federal Loan that a student can avail is about $5,225. Almost 46% of students opt for a federal loan. The college directs a total of $13,724,555 towards financial aid.
PELL Grants and Federal Grants serve around 50% students. The amount that you can avail in the form of PELL Grants and Federal Grants is about $4,611 and $4,632. State Grants on an average amount to a sum of $2,039 and 20% students actually receive them.
Cape Fear Community College also steps ahead and provides institutional grants of about $1,270 to the deserving candidates from its own endowment and alumni funds. However only 8% students are entitled to receive these institutional grants.
Apart from these, students also apply for loans. the average student loan amounts to $5,289. Only a percentage of 18% students opt for student loans. However, it has been noted that the default rate is not so low at around 22% which implies that you should be very cautious while planning to take up a student loan.
Federal Aid based on Family Income
We have further tried to present to you the available data under each family income bracket in order to facilitate and speed up your investment decision. This might look like the following.
If your family income is under $30,000 then you might receive an amount of $5,462 as financial aid and if it is of a range from $30,001 - $48,000 you might as well can expect the same amount to be $5,448. The figures that you see here are based on observed values of financial aid in respect with the family income of past students.
For any family income that lies somewhere between $48,001 to US$75,000 the financial aid that you might expect to receive can be close enough to a figure of $3,888. However, it has been noted that a family income falling under the range of $75,001 - $110,000 can avail a Cape Fear Community College financial aid of just $415.