$4,483

Avg. Federal Grant

$5,089

Avg. Federal Loan

$2,390,476

Total Aid Awarded

Colby Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$2.390M

Financial Aid Official Website

www.colbycc.edu/students/financial-aid/index

It is interesting to note that, every year, around 86% of students at CCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,860,991. For additional information about financial assistance schemes, one can head over to CCC’s financial aid page at http://www.colbycc.edu/students/financial-aid/index. At CCC, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 86% of the candidates get the Student Grant, 62% receive the Institution Grant, and 36% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,965, and the same stands at $2,031 for State Grant awardees and $3,055 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,745. 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. 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. At CCC, an estimated number of 30% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

1%

Institution Grant Aid

57%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$4,483

State Grant Aid

$1,673

Institution Grant Aid

$3,053

Pell Grant

$4,403

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,291

$30,001 - $48,000

$5,661

$48,001 - $75,000

$2,474

$75,001 - $110,000

$1,301

Over $110,000

$200

Student Loans for Colby Community College

Average Loan Amount Average Loan Amount received per year.

$5,089/Year

Students Taking Out Loans

38%

Loan Default Rate

10.4%