$4,851

Avg. Federal Grant

$3,555

Avg. Federal Loan

$34,114,317

Total Aid Awarded

Erie 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.

$34.114M

Financial Aid Official Website

www.ecc.edu/financial-aid/

Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence. It is interesting to note that, every year, around 82% of students at ECC receive some kind of financial aid, while the total amount of assistance/loans provided is $11,841,200. At ECC, the total percentage of applicants who receive the Federal Grant stands at 62%. Meanwhile, 73% of the applicants receive the Student Grant and 5% are awarded the Institution Grant, while 62% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,993, and the same stands at $2,936 for State Grant awardees and $975 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,464. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Erie Community College, the percentage of candidates who opt to avail of student loans is around 28%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

62%

Institution Grant Aid

8%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,851

State Grant Aid

$2,908

Institution Grant Aid

$836

Pell Grant

$4,798

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,153

$30,001 - $48,000

$6,540

$48,001 - $75,000

$3,380

$75,001 - $110,000

$1,419

Over $110,000

$26

Student Loans for Erie Community College

Average Loan Amount Average Loan Amount received per year.

$3,607/Year

Students Taking Out Loans

35%

Loan Default Rate

14.4%

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