$4,714

Avg. Federal Grant

$5,174

Avg. Federal Loan

$3,498,250

Total Aid Awarded

Itasca Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$3.498M

Financial Aid Official Website

www.itascacc.edu/finaid

As many as 87% of the students at ICC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,191,135 in a year. One can visit ICC's financial aid page at http://www.itascacc.edu/finaid for more information. The total percentage of candidates applying to Itasca Community College who receive the Federal Grant is 62%. On the other hand, 73% of the candidates get the Student Grant, 15% receive the Institution Grant, and 61% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,354, and the same stands at $1,248 for State Grant awardees and $1,300 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,953. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Itasca Community College, the percentage of candidates who opt to avail of student loans is around 51%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

48%

Institution Grant Aid

12%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,714

State Grant Aid

$1,438

Institution Grant Aid

$1,442

Pell Grant

$4,554

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,352

$30,001 - $48,000

$6,490

$48,001 - $75,000

$3,500

$75,001 - $110,000

$730

Over $110,000

$163

Student Loans for Itasca Community College

Average Loan Amount Average Loan Amount received per year.

$5,919/Year

Students Taking Out Loans

55%

Loan Default Rate

18.9%

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