Coastal Alabama Community College Financial Aid and Scholarships
Students Receiving Aid
68%
Total Aid Amount
$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.