$5,123

Avg. Federal Grant

$4,248

Avg. Federal Loan

$5,453,476

Total Aid Awarded

Central Alabama Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$5.453M

Financial Aid Official Website

https://www.cacc.edu/financial-aid/

Students can avail of scholarships provided by the college, such as Transfer Student Scholarship, if they find educational expenses to be on the higher side. Notably, 92% of the students at Central Alabama Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,327,591. One can visit CACC's financial aid page at https://www.cacc.edu/financial-aid/ for more information. At CACC, the total percentage of applicants who receive the Federal Grant stands at 64%. Meanwhile, 76% of the applicants receive the Student Grant and 19% are awarded the Institution Grant, while 63% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,213, the State Grant receivers and Institution Grant beneficiaries get $1,689 and $4,858, respectively. And, for the Pell Grant awardees, the average aid amount is $4,130. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Every year, around 16% of the applicants to Central Alabama Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

5%

Institution Grant Aid

30%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$5,123

State Grant Aid

$1,078

Institution Grant Aid

$5,476

Pell Grant

$5,071

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,596

$30,001 - $48,000

$5,920

$48,001 - $75,000

$3,368

$75,001 - $110,000

$761

Over $110,000

$1,323

Student Loans for Central Alabama Community College

Average Loan Amount Average Loan Amount received per year.

$4,248/Year

Students Taking Out Loans

17%

Loan Default Rate

19.6%

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