$4,593

Avg. Federal Grant

$6,007

Avg. Federal Loan

$49,954,796

Total Aid Awarded

Cerritos College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$49.955M

Financial Aid Official Website

www.cerritos.edu/financial-aid/

The Cerritos College offers an extensive guide for the financial issue and the financial choices, so that every student has the chance to prevail at the college. The College aims to provide the financial aid to every deserving and qualified student. The college provides ample amounts of regular grants and scholarships. The college has set up a dedicated financial office for providing the assistance that is required by the students to avail the financial aid benefits. The financial Aid Office at Cerritos provides students and the community a better understanding of financial aid programs and services available. The review and dissemination of financial resources to assist students in meeting their educational expenses and achieving their educational goals is the responsibility of the financial aid department. We are committed to administering our programs with integrity and professionalism. We value and take pride in the diversity of our students and the support we provide in promoting student success.

An amount of $ 49,954,796 is awarded as financial aid by Cerritos College to its students.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

80%

Institution Grant Aid

23%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$4,593

State Grant Aid

$2,403

Institution Grant Aid

$170

Pell Grant

$4,538

The table that is mentioned here depicts the financial aid provided by Cerritos College which comprises four categories of grants that are Federal Grants, Pell Grants, State Grants and Institutional Grants. Among these aids the one that covers the most percentage of students is State Grant Aid, around 80% and the average grant amount provided via this aid is about $2,403.

After the state grants next is the case of Pell grant aid and the Federal grant aid the percentage coverage is about 61% for each of them. The amount provided under Pell grant aid is $4,538 and for the Federal grant aid the average amount provided under this scheme is $4,593 and if observed closely the average amount assigned under both these grants is approximately the same.

At last the Institutional grant aid is the lowest when compared to the coverage with other grants mentioned in the table above, around 23% only and the average amount assigned under this scheme is $170 which is also the lowest among the four types.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,791

$30,001 - $48,000

$7,683

$48,001 - $75,000

$4,960

$75,001 - $110,000

$2,626

Over $110,000

$142

The table here is for the federal aid that the university provides to the students and majorly depends on the financial conditions or in other words the annual family income of the students.  As you can see in the table above the students whose family income is below $30,000 per annum they are more likely to receive a higher federal aid in order to ease their educational burden. The amount provided to these students is around $7,791 as their financial conditions are a bit on the weaker side. This federal aid amount provided by the university decreases as the financial conditions of the students strengthen or in other words the family income on an annual basis increases as depicted in the table the federal aid provided to the students who belong to families with an annual income of more than $110,000 is about $142 only.

Student Loans for Cerritos College

Average Loan Amount Average Loan Amount received per year.

$6,007/Year

Students Taking Out Loans

2%

Loan Default Rate

11.2%

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