$4,683

Avg. Federal Grant

$6,133

Avg. Federal Loan

$4,806,084

Total Aid Awarded

Great Basin College (GBC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

36%

Total Aid Amount Average Total Aid Awarded per year.

$4.806M

Financial Aid Official Website

www.gbcnv.edu/financial/

Among them are scholarship programs such as Western Undergraduate Exchange. As many as 72% of the students at GBC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,583,410 in a year. The total percentage of candidates applying to Great Basin College who receive the Federal Grant is 45%. On the other hand, 72% of the candidates get the Student Grant, 10% receive the Institution Grant, and 45% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,508, and the same stands at $2,246 for State Grant awardees and $950 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,724. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At GBC, an estimated number of 16% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

65%

Institution Grant Aid

16%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$4,683

State Grant Aid

$1,990

Institution Grant Aid

$1,124

Pell Grant

$4,663

It is a fundamental need to perceive what number of students get certain aids since it gives the students a keen idea on what's in store from each kind of aid they are imagining. Everyone is set up for federal aid the second they apply for the college through FAFSA, yet a valid point to raise is the criteria by which, also with respect to whom is a certain sort of help given.

With respect to grants, students find the opportunity to take up different financial aids; government, institutional, or state awards. According to the records seen beforehand, 34% of the students are awarded Federal Grant Aid which shows a grant of $4,683. In every practical sense 34% of the students get Pell Grants which mean a proportion of around $4,663. All things considered 65% of the students are prepared for state grants at a proportion of around $1,990 however 16% of the students get institutional grants which mean a proportion of around $1,124.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,224

$30,001 - $48,000

$4,653

$48,001 - $75,000

$2,627

$75,001 - $110,000

N/A

Over $110,000

N/A

The average financial aid in Great Basin College is determined by the annual family income of the student and is segregated into 5 diverse levels of pay.

For incomes between $0 to $30,000, the normal financial aid given is $5,224. Incomes between  $30,001 to $48,000 receive almost $4,653, and finally, $2,627 is awarded to those who gain an income between $48,001 to $75,000. Regrettably, there is a lack of substantial data to present viable information on the aids presented for those who earn more than $75,000. This can be due to many factors such as the lack of graduate courses and whatnot.

Student Loans for Great Basin College (GBC)

Average Loan Amount Average Loan Amount received per year.

$6,226/Year

Students Taking Out Loans

12%

Loan Default Rate

11%

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