$4,520

Avg. Federal Grant

$5,099

Avg. Federal Loan

$5,391,965

Total Aid Awarded

Central Virginia Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

38%

Total Aid Amount Average Total Aid Awarded per year.

$5.392M

Financial Aid Official Website

centralvirginia.edu/Paying-for-College

Among them are scholarship programs such as Virginia Military Survivors and Dependents Education Program. Notably, 72% of the students at Central Virginia Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $989,366. One can visit CVCC's financial aid page at http://centralvirginia.edu/Paying-for-College for more information. At CVCC, the total percentage of applicants who receive the Federal Grant stands at 55%. Meanwhile, 64% of the applicants receive the Student Grant and 11% are awarded the Institution Grant, while 55% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,433, while the same comes to $1,122 for State Grant receivers and $2,590 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,342. 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. 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 CVCC, an estimated number of 10% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

56%

State Grant Aid

31%

Institution Grant Aid

13%

Pell Grant

56%

Average Aid Awarded

Federal Grant Aid

$4,520

State Grant Aid

$1,131

Institution Grant Aid

$2,513

Pell Grant

$4,453

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,445

$30,001 - $48,000

$5,114

$48,001 - $75,000

$3,818

$75,001 - $110,000

$1,816

Over $110,000

N/A

Student Loans for Central Virginia Community College

Average Loan Amount Average Loan Amount received per year.

$5,099/Year

Students Taking Out Loans

12%

Loan Default Rate

18.5%

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