$4,632

Avg. Federal Grant

$5,225

Avg. Federal Loan

$13,724,555

Total Aid Awarded

Cape Fear Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$13.725M

Financial Aid Official Website

cfcc.edu/finaid/

The cost of education is not something you need to worry too much about when you're looking into Cape Fear Community College because the college provides you with enough opportunities to cut down your costs through their financial aids. You will be required to fill in your FAFSA. The school code for this college is 005320. Each financial aid will have their own eligibility criteria to satisfy. 

Scholarships

Institutional Scholarships

  • Air Wilmington-William S. Cherry Endowed Scholarship covers the tuition and fees for the full-time students and grants an amount of $500. There is a minimum GPA requirement for availing this scholarship.

  • The Dean Goodyear Scholarships are offered to those who want to pursue Film studies and are in financial need.

  • Any candidate who is enrolled for a diploma or an associate program in this college is eligible for the George H. West Memorial Endowed Scholarship of $700 on the basis of a financial need only.

  • Polly E. Sweyer Endowment Scholarship is given to the candidates for an academic merit of up to a sum of $500.

 There are more than 50 such scholarships, so you may want to read all about them on CFCC Scholarships.

External Scholarships

  • Kurz Industrial Solutions Wind Energy Scholarship Fund offers up to $1,000 to the deserving candidates.

  • The George W. Ballard Memorial Scholarship is also available once its criteria is met.

  • Wells Fargo Technical Scholarship Programs offer up to $500 to eligible candidates.

  • The Scholarship America Dream Award is provided to the students who want to pursue a STEM subject. The scholarship amount ranges between $5,000 to $15,000.

If you'd like to read more on other opportunities provided by the college, please visit CFCC External Opportunities.

Grants

Federal Grants

  • Pell Grants: These grants are provided to you by the federal government. It can cover a part of the books, supplies and tuition fee only if you can demonstrate a financial need. These grants are only offered to the undergraduate students. The FSEOG funds are also provided to the deserving students who are in a financial crisis.

  • Work Study Programs: These programs enable students to earn their own educational expenses by working on a part-time basis.

State Grants

  • North Carolina College Grant: The NCC Grants are offered to candidates residing in North Carolina and who are enrolled in the Cape Fear Community college for a course having more than 6 credits exclusively.

Loans

  • Federal Direct Loans – these loans can be categorised under three main heads. Firstly, the Direct Subsidised loans on which you will not be required to pay any interest. Secondly, for the Direct unsubsidised loans, you will have to bear the burden of interest. Lastly, the Direct PLUS loans allow you to apply for the loan in your parents name, only if you are a minor citizen.

  • Alternate Educational Loans – these are the private loans which you can avail if you feel the federal loans are not enough. The NC student assist loan is available a lower interest than any other private lenders. The NC parents assist loans allow the parents to apply for loans for their children’s education.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

20%

Institution Grant Aid

8%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,632

State Grant Aid

$2,039

Institution Grant Aid

$1,270

Pell Grant

$4,611

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

Family Income

Average Federal Aid Per Year

Under $30,000

$5,462

$30,001 - $48,000

$5,448

$48,001 - $75,000

$3,888

$75,001 - $110,000

$415

Over $110,000

N/A

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.

Student Loans for Cape Fear Community College

Average Loan Amount Average Loan Amount received per year.

$5,289/Year

Students Taking Out Loans

18%

Loan Default Rate

22%

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