$4,790

Avg. Federal Grant

$4,332

Avg. Federal Loan

$10,283,275

Total Aid Awarded

Edmonds Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

22%

Total Aid Amount Average Total Aid Awarded per year.

$10.283M

Financial Aid Official Website

www.edcc.edu/finaid/

Among them are scholarship programs such as American Indian Endowed Scholarship, Bess Mikalson, Bobbi McCallum Scholarship, and DPMA/pc Scholarship. As many as 66% of the students at ECC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,993,760 in a year. Notably, a total of 45% of the applicants to Edmonds Community College receive the Federal Grant every year. In comparison, 59% of the students are awarded the Student Grant, 25% get the Institution Grant, and 45% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,314, the State Grant receivers and Institution Grant beneficiaries get $3,156 and $2,541, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,170. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 ECC, an estimated number of 17% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

33%

Institution Grant Aid

29%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,790

State Grant Aid

$3,126

Institution Grant Aid

$1,910

Pell Grant

$4,509

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,628

$30,001 - $48,000

$7,034

$48,001 - $75,000

$4,588

$75,001 - $110,000

$2,436

Over $110,000

$716

Student Loans for Edmonds Community College

Average Loan Amount Average Loan Amount received per year.

$4,806/Year

Students Taking Out Loans

15%

Loan Default Rate

12.6%

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