$4,800

Avg. Federal Grant

$5,517

Avg. Federal Loan

$3,828,380

Total Aid Awarded

Hibbing Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$3.828M

Financial Aid Official Website

www.hibbing.edu/financial-aid/overview

As many as 85% of the students at HCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,788,179 in a year. One can visit HCC's financial aid page at http://www.hibbing.edu/financial-aid/overview for more information. Notably, a total of 52% of the applicants to Hibbing Community College receive the Federal Grant every year. In comparison, 68% of the students are awarded the Student Grant, 13% get the Institution Grant, and 52% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,314, the State Grant receivers and Institution Grant beneficiaries get $1,846 and $1,539, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,960. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Hibbing Community College, the percentage of candidates who opt to avail of student loans is around 50%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

52%

Institution Grant Aid

7%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,800

State Grant Aid

$1,680

Institution Grant Aid

$867

Pell Grant

$4,707

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,340

$30,001 - $48,000

$5,580

$48,001 - $75,000

$2,066

$75,001 - $110,000

$1,169

Over $110,000

$167

Student Loans for Hibbing Community College

Average Loan Amount Average Loan Amount received per year.

$5,983/Year

Students Taking Out Loans

53%

Loan Default Rate

20.3%

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