Genesee Community College Financial Aid and Scholarships
Students Receiving Aid
54%
Total Aid Amount
$15.460M
Financial Aid Official Website
www.genesee.edu/home/offices/finaid/
Students can avail of scholarships provided by the college, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence, if they find educational expenses to be on the higher side. Notably, 90% of the students at Genesee Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,853,109. Notably, a total of 63% of the applicants to Genesee Community College receive the Federal Grant every year. In comparison, 82% of the students are awarded the Student Grant, 17% get the Institution Grant, and 63% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,509, and the same stands at $2,392 for State Grant awardees and $1,287 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,214. 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. 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. Candidates are also required to repay these loans within a given period. At Genesee Community College, the percentage of candidates who opt to avail of student loans is around 42%.
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