Henry Ford College Financial Aid and Scholarships
Students Receiving Aid
50%
Total Aid Amount
$34.651M
Financial Aid Official Website
https://www.hfcc.edu/financial-aid
As many as 83% of the students at HFC get some sort of financial aid, and the total amount of assistance/loans provided is more than $14,504,576 in a year. For additional information about financial assistance schemes, one can head over to HFC’s financial aid page at https://www.hfcc.edu/financial-aid. At HFC, the total percentage of applicants who receive the Federal Grant stands at 71%. Meanwhile, 76% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 71% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,508, and the same stands at $2,751 for State Grant awardees and $1,577 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,343. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At HFC, an estimated number of 26% of the applicants choose to go for student loans.
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