$4,364

Avg. Federal Grant

$4,002

Avg. Federal Loan

$5,619,990

Total Aid Awarded

Kankakee Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$5.620M

Financial Aid Official Website

www.kcc.edu/future/paying/fedstateaid/Pages/default.aspx

Among them are scholarship programs such as AMVETS Post #100 Scholarship, August & Edna Zahatko Scholarship, Grant Program for Descendants of Police, Fire, or Correctional Officers, and Illinois Incentive for Access. As many as 61% of the students at KCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $952,213 in a year. One can visit KCC's financial aid page at http://www.kcc.edu/future/paying/fedstateaid/Pages/default.aspx for more information. Notably, a total of 47% of the applicants to Kankakee Community College receive the Federal Grant every year. In comparison, 54% of the students are awarded the Student Grant, 13% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,543, and the same stands at $1,155 for State Grant awardees and $1,519 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,422. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Kankakee Community College, the percentage of candidates who opt to avail of student loans is around 7%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

23%

Institution Grant Aid

16%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,364

State Grant Aid

$1,314

Institution Grant Aid

$2,132

Pell Grant

$4,352

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,886

$30,001 - $48,000

$5,364

$48,001 - $75,000

$3,637

$75,001 - $110,000

$514

Over $110,000

N/A

Student Loans for Kankakee Community College

Average Loan Amount Average Loan Amount received per year.

$4,002/Year

Students Taking Out Loans

7%

Loan Default Rate

15.2%

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