Wallace State Community College Financial Aid and Scholarships
Students Receiving Aid
57%
Total Aid Amount
$15.880M
Financial Aid Official Website
www.wallacestate.edu/Financial-Aid
As many as 79% of the students at GCWSCCH get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,141,541 in a year. For additional information about financial assistance schemes, one can head over to GCWSCCH’s financial aid page at http://www.wallacestate.edu/Financial-Aid. Notably, a total of 56% of the applicants to George C Wallace State Community College-Hanceville receive the Federal Grant every year. Meanwhile, 69% of the applicants receive the Student Grant and 23% are awarded the Institution Grant, while 55% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,273, the State Grant receivers and Institution Grant beneficiaries get $2,394 and $3,343, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,287. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 27% of the applicants to George C Wallace State Community College-Hanceville opt for student loans.
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