$4,352

Avg. Federal Grant

$4,718

Avg. Federal Loan

$7,835,271

Total Aid Awarded

Inver Hills Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$7.835M

Financial Aid Official Website

https://www.inverhills.edu/FinancialAid/index.aspx

As many as 68% of the students at IHCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,680,501 in a year. More information regarding the financial assistance schemes can be accessed on IHCC’s official financial aid page at https://www.inverhills.edu/FinancialAid/index.aspx. At IHCC, the total percentage of applicants who receive the Federal Grant stands at 39%. In comparison, 51% of the students are awarded the Student Grant, 5% get the Institution Grant, and 39% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,112, and the same stands at $1,142 for State Grant awardees and $1,667 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,356. 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. 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. Every year, around 28% of the applicants to Inver Hills Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

39%

Institution Grant Aid

6%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,352

State Grant Aid

$1,016

Institution Grant Aid

$2,807

Pell Grant

$4,277

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,906

$30,001 - $48,000

$4,957

$48,001 - $75,000

$2,971

$75,001 - $110,000

$921

Over $110,000

$121

Student Loans for Inver Hills Community College

Average Loan Amount Average Loan Amount received per year.

$4,725/Year

Students Taking Out Loans

30%

Loan Default Rate

10.7%

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