$4,871

Avg. Federal Grant

N/A

Avg. Federal Loan

$26,403,899

Total Aid Awarded

Essex County College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$26.404M

Financial Aid Official Website

www.essex.edu/financial-aid/

As many as 76% of the students at ECC receive some kind of financial aid, shows the latest data. Notably, a total of 71% of the applicants to Essex County College receive the Federal Grant every year. On the other hand, 75% of the candidates get the Student Grant, 3% receive the Institution Grant, and 71% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,978, the State Grant receivers and Institution Grant beneficiaries get $2,392 and $3,738, respectively. And, for the Pell Grant awardees, the average aid amount is $4,189. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

31%

Institution Grant Aid

4%

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$4,871

State Grant Aid

$2,319

Institution Grant Aid

$3,721

Pell Grant

$4,845

The table here provides the details about the financial aid offered by Essex County College and is broadly divided into four categories namely Federal Grants, Pell Grants, State Grants, and Institutional Grants. Among all the grants provides by the university the maximum percentage of contribution is by the Federal grant aid, Pell grant aid. Both of these aids covers about 72% of the student population each. The average aid amount provided under the Federal-aid grant is $4,871. For the Pell grant aid, this average amount is $4,845. Next an amount of $2,319 on an average is provided under the State grant aid which covers about 31% of the student population. The Institutional grant aid coverage is 4% only and the average grant aid amount is $3,721 as mentioned here.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,936

$30,001 - $48,000

$5,256

$48,001 - $75,000

$4,037

$75,001 - $110,000

$4,166

Over $110,000

N/A

The above table depicts that a student from a low-income family is likely to expect a higher amount of financial aid provided. For those students who fall under the category of low family income i.e. in between$0 to $30,000 the amount of financial aid is of $4,936 whereas those students whose family income is $75,001 to $110,000 the aid amount is $4,166 which is low when compared to the previous amount as they are capable of handling the educational expenditures. These federal aids help students of low-income backgrounds to complete their degrees with much ease. The details for the federal aid provided to the students of family income in the category of over $110,000 is not given as the data was insufficient. Please visit the official website for more details regarding the same.

Student Loans for Essex County College

Average Loan Amount Average Loan Amount received per year.

$4,942/Year

Students Taking Out Loans

1%

Loan Default Rate

N/A

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