$5,033

Avg. Federal Grant

$4,950

Avg. Federal Loan

$7,545,755

Total Aid Awarded

Frederick Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

30%

Total Aid Amount Average Total Aid Awarded per year.

$7.546M

Financial Aid Official Website

www.frederick.edu/cost-financial-aid.aspx?cid=fa-top-link

Students can avail of scholarships provided by the college, such as Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, Edward T. Conroy Memorial Scholarship, and Graduate and Professional Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 53% of students at FCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,481,092. At FCC, the total percentage of applicants who receive the Federal Grant stands at 28%. Meanwhile, 44% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 28% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,249, the State Grant receivers and Institution Grant beneficiaries get $904 and $1,456, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,130. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Frederick Community College, the percentage of candidates who opt to avail of student loans is around 10%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

12%

Institution Grant Aid

18%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$5,033

State Grant Aid

$1,015

Institution Grant Aid

$1,234

Pell Grant

$4,940

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,780

$30,001 - $48,000

$5,473

$48,001 - $75,000

$2,647

$75,001 - $110,000

$712

Over $110,000

$219

Student Loans for Frederick Community College

Average Loan Amount Average Loan Amount received per year.

$4,950/Year

Students Taking Out Loans

15%

Loan Default Rate

12.4%

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