$5,201

Avg. Federal Grant

$5,214

Avg. Federal Loan

$11,324,603

Total Aid Awarded

Central Arizona College (CAC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$11.325M

Financial Aid Official Website

centralaz.edu/admissions/paying-for-college/financial-aid/

It is interesting to note that, every year, around 69% of students at CAC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,377,406. More information regarding the financial assistance schemes can be accessed on CAC’s official financial aid page at http://centralaz.edu/admissions/paying-for-college/financial-aid/. Notably, a total of 45% of the applicants to Central Arizona College receive the Federal Grant every year. Meanwhile, 67% of the applicants receive the Student Grant and 36% are awarded the Institution Grant, while 45% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,130, the State Grant receivers and Institution Grant beneficiaries get $2,723 and $2,853, respectively. And, for the Pell Grant awardees, the average aid amount is $4,033. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 11% of the applicants to Central Arizona College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

N/A

Institution Grant Aid

21%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$5,201

State Grant Aid

N/A

Institution Grant Aid

$3,548

Pell Grant

$5,148

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,500

$30,001 - $48,000

$6,715

$48,001 - $75,000

$6,385

$75,001 - $110,000

$4,685

Over $110,000

$4,160

Student Loans for Central Arizona College (CAC)

Average Loan Amount Average Loan Amount received per year.

$5,214/Year

Students Taking Out Loans

10%

Loan Default Rate

21%