$4,421

Avg. Federal Grant

$5,282

Avg. Federal Loan

$6,154,689

Total Aid Awarded

Edgecombe Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$6.155M

Financial Aid Official Website

N/A

Notably, 96% of the students at Edgecombe Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,011,434. At ECC, the total percentage of applicants who receive the Federal Grant stands at 87%. On the other hand, 87% of the candidates get the Student Grant, 18% receive the Institution Grant, and 85% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,012, and the same stands at $1,315 for State Grant awardees and $2,078 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,414. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 Edgecombe Community College, the percentage of candidates who opt to avail of student loans is around 8%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

88%

State Grant Aid

36%

Institution Grant Aid

38%

Pell Grant

86%

Average Aid Awarded

Federal Grant Aid

$4,421

State Grant Aid

$1,162

Institution Grant Aid

$1,855

Pell Grant

$4,064

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,121

$30,001 - $48,000

$4,066

$48,001 - $75,000

$3,199

$75,001 - $110,000

$601

Over $110,000

N/A

Student Loans for Edgecombe Community College

Average Loan Amount Average Loan Amount received per year.

$5,202/Year

Students Taking Out Loans

73%

Loan Default Rate

19.8%

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