$5,036

Avg. Federal Grant

$4,649

Avg. Federal Loan

$15,879,572

Total Aid Awarded

Wallace State Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

2%

Institution Grant Aid

24%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$5,036

State Grant Aid

$4,549

Institution Grant Aid

$3,291

Pell Grant

$5,001

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,925

$30,001 - $48,000

$5,197

$48,001 - $75,000

$2,676

$75,001 - $110,000

$756

Over $110,000

$1,099

Student Loans for Wallace State Community College

Average Loan Amount Average Loan Amount received per year.

$4,696/Year

Students Taking Out Loans

31%

Loan Default Rate

14.2%

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