$4,549

Avg. Federal Grant

$2,444

Avg. Federal Loan

$15,455,262

Total Aid Awarded

Holmes 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.

$15.455M

Financial Aid Official Website

www.holmescc.edu/financial_aid/

As many as 89% of the students at HCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,786,709 in a year. One can visit HCC's financial aid page at http://www.holmescc.edu/financial_aid/ for more information. Notably, a total of 73% of the applicants to Holmes Community College receive the Federal Grant every year. On the other hand, 84% of the candidates get the Student Grant, 54% receive the Institution Grant, and 62% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,502, while the same comes to $761 for State Grant receivers and $2,046 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,543. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 HCC, an estimated number of 22% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

69%

State Grant Aid

22%

Institution Grant Aid

51%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$4,549

State Grant Aid

$704

Institution Grant Aid

$2,070

Pell Grant

$5,096

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,298

$30,001 - $48,000

$6,318

$48,001 - $75,000

$4,032

$75,001 - $110,000

$3,002

Over $110,000

$258

Student Loans for Holmes Community College

Average Loan Amount Average Loan Amount received per year.

$2,444/Year

Students Taking Out Loans

30%

Loan Default Rate

20.2%