$5,391

Avg. Federal Grant

$4,834

Avg. Federal Loan

$21,263,652

Total Aid Awarded

Coastal Alabama Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$21.264M

Financial Aid Official Website

www.coastalalabama.edu

As many as 87% of the students at CACC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,082,851 in a year. For additional information about financial assistance schemes, one can head over to CACC’s financial aid page at http://www.coastalalabama.edu. The total percentage of candidates applying to Coastal Alabama Community College who receive the Federal Grant is 50%. On the other hand, 78% of the candidates get the Student Grant, 40% receive the Institution Grant, and 50% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,433, the State Grant receivers and Institution Grant beneficiaries get $1,150 and $5,565, respectively. And, for the Pell Grant awardees, the average aid amount is $4,616. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CACC, an estimated number of 25% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

5%

Institution Grant Aid

42%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$5,391

State Grant Aid

$1,085

Institution Grant Aid

$5,137

Pell Grant

$5,289

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,190

$30,001 - $48,000

$6,577

$48,001 - $75,000

$3,690

$75,001 - $110,000

$1,605

Over $110,000

$1,339

Student Loans for Coastal Alabama Community College

Average Loan Amount Average Loan Amount received per year.

$6,085/Year

Students Taking Out Loans

24%

Loan Default Rate

17.7%

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#N/A

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#N/A

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