$4,382

Avg. Federal Grant

$4,259

Avg. Federal Loan

$12,676,913

Total Aid Awarded

Illinois Central College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

38%

Total Aid Amount Average Total Aid Awarded per year.

$12.677M

Financial Aid Official Website

icc.edu/students/financial-aid/

Such schemes include AMVETS Post #100 Scholarship, August & Edna Zahatko Scholarship, Grant Program for Descendants of Police, Fire, or Correctional Officers, and Illinois Incentive for Access. As many as 63% of the students at ICC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,886,814 in a year. More information regarding the financial assistance schemes can be accessed on ICC’s official financial aid page at http://icc.edu/students/financial-aid/. At ICC, the total percentage of applicants who receive the Federal Grant stands at 36%. Meanwhile, 51% of the applicants receive the Student Grant and 26% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,426, while the same comes to $1,379 for State Grant receivers and $2,773 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,387. 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. 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. Every year, around 18% of the applicants to Illinois Central College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

21%

Institution Grant Aid

28%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$4,382

State Grant Aid

$1,239

Institution Grant Aid

$2,678

Pell Grant

$4,264

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,040

$30,001 - $48,000

$5,239

$48,001 - $75,000

$2,513

$75,001 - $110,000

$1,054

Over $110,000

$565

Student Loans for Illinois Central College

Average Loan Amount Average Loan Amount received per year.

$4,655/Year

Students Taking Out Loans

19%

Loan Default Rate

15%