$4,518

Avg. Federal Grant

$2,006

Avg. Federal Loan

$25,372,646

Total Aid Awarded

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Eastern Gateway Community College (EGCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$25.373M

Financial Aid Official Website

www.egcc.edu/future-students/financial-aid

90% of Eastern Gateway Community College students received financial aid in the form of a grant. The average total aid amount was $4,324. 65% of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded was $4,545. To apply for a Pell Grant to attend Eastern Gateway Community College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

It is estimated typical coverage of the annual in-state tuition and living expenses of $9,340. The breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

Some students are fortunate enough to possess some sort of family financial assistance, but student loans find yourself financing a big portion of upper education within the U.S. Around 37% of the students of Eastern Gateway Community College receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $2,304.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

1%

Institution Grant Aid

53%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,518

State Grant Aid

$1,554

Institution Grant Aid

$4,232

Pell Grant

$4,492

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and federal grants with federal grants having the highest percentage contribution of 63% with an average aid amount being $4,518.

Pell grants have a percentage of 63% with an average aid amount of $4,492 which is higher than the state grant aid average of $1,554.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,088

$30,001 - $48,000

$4,664

$48,001 - $75,000

$3,121

$75,001 - $110,000

$2,141

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 $5,088 while those with family income over $75,000 to $110,000 can expect to receive an aid amount of $2,141. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Eastern Gateway Community College (EGCC)

Average Loan Amount Average Loan Amount received per year.

$2,006/Year

Students Taking Out Loans

29%

Loan Default Rate

26%

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The student loan is a kind of financial aid which has to be paid back within a stipulated period. Around 29% of Eastern Gateway Community College students avail student loan and the loan default rate is found to be 26%. The average amount that a student of Eastern Gateway Community College receives is $2,006.

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