$4,366

Avg. Federal Grant

$3,399

Avg. Federal Loan

$12,956,211

Total Aid Awarded

Holyoke Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$12.956M

Financial Aid Official Website

www.hcc.edu/tuition-and-aid/financial-aid

Students can avail of scholarships provided by the college, such as Billie Foster and Bertha Weinberg Scholarship, Heriberto Flores Scholarship, MASSGrant Program, and New England Regional Student Program, if they find educational expenses to be on the higher side. As many as 79% of the students at HCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,047,988 in a year. For additional information about financial assistance schemes, one can head over to HCC’s financial aid page at http://www.hcc.edu/tuition-and-aid/financial-aid. The total percentage of candidates applying to Holyoke Community College who receive the Federal Grant is 60%. On the other hand, 70% of the candidates get the Student Grant, 31% receive the Institution Grant, and 60% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,683, the State Grant receivers and Institution Grant beneficiaries get $1,388 and $415, respectively. And, for the Pell Grant awardees, the average aid amount is $3,520. 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. At HCC, an estimated number of 32% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

51%

Institution Grant Aid

31%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,366

State Grant Aid

$1,445

Institution Grant Aid

$476

Pell Grant

$4,302

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,114

$30,001 - $48,000

$5,284

$48,001 - $75,000

$3,409

$75,001 - $110,000

$722

Over $110,000

$195

Student Loans for Holyoke Community College

Average Loan Amount Average Loan Amount received per year.

$3,427/Year

Students Taking Out Loans

29%

Loan Default Rate

15.3%

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