$4,561

Avg. Federal Grant

$4,936

Avg. Federal Loan

$2,844,415

Total Aid Awarded

Great Bay Community College (GBCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$2.844M

Financial Aid Official Website

www.greatbay.edu/?a0=59&a1=finaid

Notably, 73% of the students at Great Bay Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,118,497. For additional information about financial assistance schemes, one can head over to GBCC’s financial aid page at http://www.greatbay.edu/?a0=59&a1=finaid. At GBCC, the total percentage of applicants who receive the Federal Grant stands at 30%. In comparison, 53% of the students are awarded the Student Grant, 31% get the Institution Grant, and 29% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,009, while the same comes to $1,535 for State Grant receivers and $137 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,010. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 46% of the applicants to Great Bay Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

20%

Institution Grant Aid

7%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,561

State Grant Aid

$880

Institution Grant Aid

$1,678

Pell Grant

$4,429

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,376

$30,001 - $48,000

$450

$48,001 - $75,000

$78

$75,001 - $110,000

$33

Over $110,000

N/A

Student Loans for Great Bay Community College (GBCC)

Average Loan Amount Average Loan Amount received per year.

$4,936/Year

Students Taking Out Loans

46%

Loan Default Rate

10.2%

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