$4,821

Avg. Federal Grant

$3,274

Avg. Federal Loan

$7,082,345

Total Aid Awarded

GateWay Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

44%

Total Aid Amount Average Total Aid Awarded per year.

$7.082M

Financial Aid Official Website

N/A

Notably, 68% of the students at GateWay Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,784,419. One can visit GCC's financial aid page at http://www.gatewayct.edu/Offices-Departments/Student-Affairs/Enrollment-Management/Financial-Aid for more information. Notably, a total of 55% of the applicants to GateWay Community College receive the Federal Grant every year. In comparison, 63% of the students are awarded the Student Grant, 20% get the Institution Grant, and 55% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,509. 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. 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. Every year, around 11% of the applicants to GateWay Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

4%

Institution Grant Aid

30%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$4,821

State Grant Aid

$500

Institution Grant Aid

$1,445

Pell Grant

$4,753

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,630

$30,001 - $48,000

$4,887

$48,001 - $75,000

$3,149

$75,001 - $110,000

$1,993

Over $110,000

$870

Student Loans for GateWay Community College

Average Loan Amount Average Loan Amount received per year.

$3,488/Year

Students Taking Out Loans

9%

Loan Default Rate

15.7%