$4,556

Avg. Federal Grant

$3,802

Avg. Federal Loan

$4,812,396

Total Aid Awarded

Illinois Valley Community College (IVCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

35%

Total Aid Amount Average Total Aid Awarded per year.

$4.812M

Financial Aid Official Website

https://www.ivcc.edu/financialaid/

As many as 66% of the students at IVCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $740,118 in a year. More information regarding the financial assistance schemes can be accessed on IVCC’s official financial aid page at https://www.ivcc.edu/financialaid/. At IVCC, the total percentage of applicants who receive the Federal Grant stands at 48%. On the other hand, 53% of the candidates get the Student Grant, 7% receive the Institution Grant, and 48% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,692, the State Grant receivers and Institution Grant beneficiaries get $1,174 and $1,885, respectively. And, for the Pell Grant awardees, the average aid amount is $3,916. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 7% of the applicants to Illinois Valley Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

28%

Institution Grant Aid

8%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,556

State Grant Aid

$1,436

Institution Grant Aid

$1,898

Pell Grant

$4,541

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,265

$30,001 - $48,000

$6,114

$48,001 - $75,000

$2,446

$75,001 - $110,000

$488

Over $110,000

N/A

Student Loans for Illinois Valley Community College (IVCC)

Average Loan Amount Average Loan Amount received per year.

$3,802/Year

Students Taking Out Loans

7%

Loan Default Rate

11.1%

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