$5,637

Avg. Federal Grant

N/A

Avg. Federal Loan

$5,212,596

Total Aid Awarded

Halifax Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$5.213M

Financial Aid Official Website

www.halifaxcc.edu/catalog/financial.htm

Among them are scholarship programs such as North Carolina Student Incentive Grant and Triangle Scholarship Program. Notably, around 61% of the students at Halifax Community College receive some kind of financial aid every year, official data shows. One can visit HCC's financial aid page at http://www.halifaxcc.edu/catalog/financial.htm for more information. At HCC, the total percentage of applicants who receive the Federal Grant stands at 57%. In comparison, 60% of the students are awarded the Student Grant, 7% get the Institution Grant, and 56% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,795, and the same stands at $2,294 for State Grant awardees and $769 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,148. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 2% of the applicants to Halifax Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

10%

Institution Grant Aid

2%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$5,637

State Grant Aid

$1,378

Institution Grant Aid

$4,858

Pell Grant

$5,579

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,125

$30,001 - $48,000

$5,892

$48,001 - $75,000

$5,865

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Halifax Community College

Average Loan Amount Average Loan Amount received per year.

$4,000/Year

Students Taking Out Loans

1%

Loan Default Rate

9%

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