$5,189

Avg. Federal Grant

$3,524

Avg. Federal Loan

$2,677,661

Total Aid Awarded

Independence Community College (IMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$2.678M

Financial Aid Official Website

www.indycc.edu

Students can avail of scholarships provided by the college, such as Albert M. Lappin Scholarship, Hansen Leaders of Tomorrow, Hansen Student Scholarship, and Hugh A. Smith Scholarship, if they find educational expenses to be on the higher side. Notably, 97% of the students at Independence Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,022,171. One can visit ICC's financial aid page at http://www.indycc.edu for more information. At ICC, the total percentage of applicants who receive the Federal Grant stands at 66%. On the other hand, 94% of the candidates get the Student Grant, 76% receive the Institution Grant, and 66% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,991, and the same stands at $4,436 for State Grant awardees and $1,961 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,215. 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. 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. At ICC, an estimated number of 47% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

3%

Institution Grant Aid

87%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$5,189

State Grant Aid

$2,599

Institution Grant Aid

$1,984

Pell Grant

$5,035

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,605

$30,001 - $48,000

$5,647

$48,001 - $75,000

$3,662

$75,001 - $110,000

$1,700

Over $110,000

$900

Student Loans for Independence Community College (IMC)

Average Loan Amount Average Loan Amount received per year.

$3,524/Year

Students Taking Out Loans

47%

Loan Default Rate

11.8%