$4,151

Avg. Federal Grant

$3,542

Avg. Federal Loan

$20,336,711

Total Aid Awarded

Grand Rapids Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

38%

Total Aid Amount Average Total Aid Awarded per year.

$20.337M

Financial Aid Official Website

https://www.grcc.edu/financialaidscholarships

Such schemes include Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship. As many as 68% of the students at GRCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,333,314 in a year. For additional information about financial assistance schemes, one can head over to GRCC’s financial aid page at https://www.grcc.edu/financialaidscholarships. Notably, a total of 46% of the applicants to Grand Rapids Community College receive the Federal Grant every year. Meanwhile, 55% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 45% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,397, while the same comes to $3,161 for State Grant receivers and $1,277 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,432. 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. 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. Every year, around 24% of the applicants to Grand Rapids Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

16%

Institution Grant Aid

7%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,151

State Grant Aid

$3,243

Institution Grant Aid

$1,213

Pell Grant

$4,106

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,833

$30,001 - $48,000

$5,427

$48,001 - $75,000

$2,618

$75,001 - $110,000

$554

Over $110,000

$131

Student Loans for Grand Rapids Community College

Average Loan Amount Average Loan Amount received per year.

$3,611/Year

Students Taking Out Loans

25%

Loan Default Rate

15.8%

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