$4,770

Avg. Federal Grant

$3,526

Avg. Federal Loan

$52,867,347

Total Aid Awarded

East Los Angeles College (ELAC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$52.867M

Financial Aid Official Website

www.elac.edu/currentstudents/financialaid/index.htm

Notably, 79% of the students at East Los Angeles College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,042,574. For additional information about financial assistance schemes, one can head over to ELAC’s financial aid page at http://www.elac.edu/currentstudents/financialaid/index.htm. Notably, a total of 52% of the applicants to East Los Angeles College receive the Federal Grant every year. Meanwhile, 79% of the applicants receive the Student Grant, while 52% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,886. 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. Candidates are also required to repay these loans within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

70%

Institution Grant Aid

N/A

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,770

State Grant Aid

$2,011

Institution Grant Aid

N/A

Pell Grant

$4,685

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants, with federal grants having the percentage contribution of 48% with an average aid amount being $4770.

Pell grants have a percentage of 48% with an average aid amount of $4685  than the State grant aid average of $2011 with 70%. Since there is no available data for the institutional Grant  please refer the official website for more details

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,530

$30,001 - $48,000

$6,854

$48,001 - $75,000

$4,322

$75,001 - $110,000

$3,252

Over $110,000

N/A

As shown in the table lower the family income higher is the amount of aid one can expect to receive.For those students who have a family income under $30,000 can expect to receive an aid amount of $7530. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for East Los Angeles College (ELAC)

Average Loan Amount Average Loan Amount received per year.

$3,526/Year

Students Taking Out Loans

N/A

Loan Default Rate

11%

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