$5,245

Avg. Federal Grant

$4,999

Avg. Federal Loan

$14,726,953

Total Aid Awarded

Iowa Central 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.

$14.727M

Financial Aid Official Website

www.iowacentral.edu/financial_aid/index.asp

Students can avail of scholarships provided by the college, such as All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and Governor Terry E. Brandstad Iowa State Fair Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 93% of students at ICCC receive some kind of financial aid, while the total amount of assistance/loans provided is $12,632,510. The total percentage of candidates applying to Iowa Central Community College who receive the Federal Grant is 59%. On the other hand, 87% of the candidates get the Student Grant, 61% receive the Institution Grant, and 58% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,145, and the same stands at $1,671 for State Grant awardees and $1,902 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,367. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Iowa Central Community College, the percentage of candidates who opt to avail of student loans is around 59%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

10%

Institution Grant Aid

59%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$5,245

State Grant Aid

$1,303

Institution Grant Aid

$1,768

Pell Grant

$4,559

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,695

$30,001 - $48,000

$5,832

$48,001 - $75,000

$2,980

$75,001 - $110,000

$1,125

Over $110,000

$1,302

Student Loans for Iowa Central Community College

Average Loan Amount Average Loan Amount received per year.

$5,153/Year

Students Taking Out Loans

59%

Loan Default Rate

22.5%

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