$5,377

Avg. Federal Grant

$5,592

Avg. Federal Loan

$14,819,310

Total Aid Awarded

Cedar Valley College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$14.819M

Financial Aid Official Website

alt.cedarvalleycollege.edu/FutureStudents/FinancialAid/default.aspx

Notably, 84% of the students at Cedar Valley College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,754,465. Notably, a total of 63% of the applicants to Cedar Valley College receive the Federal Grant every year. In comparison, 82% of the students are awarded the Student Grant, 9% get the Institution Grant, and 50% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,904, the State Grant receivers and Institution Grant beneficiaries get $1,558 and $1,536, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,211. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At CVC, an estimated number of 17% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

23%

Institution Grant Aid

6%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$5,377

State Grant Aid

$1,610

Institution Grant Aid

$911

Pell Grant

$5,356

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,859

$30,001 - $48,000

$5,225

$48,001 - $75,000

$2,256

$75,001 - $110,000

$1,100

Over $110,000

N/A

Student Loans for Cedar Valley College

Average Loan Amount Average Loan Amount received per year.

$5,592/Year

Students Taking Out Loans

26%

Loan Default Rate

19%