$4,651

Avg. Federal Grant

$4,733

Avg. Federal Loan

$5,506,200

Total Aid Awarded

Kennebec Valley Community College (KVCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$5.506M

Financial Aid Official Website

www.kvcc.me.edu/Pages/Financial-Aid/Financial-Aid-Home

Notably, 83% of the students at Kennebec Valley Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,738,393. More information regarding the financial assistance schemes can be accessed on KVCC’s official financial aid page at http://www.kvcc.me.edu/Pages/Financial-Aid/Financial-Aid-Home. Notably, a total of 57% of the applicants to Kennebec Valley Community College receive the Federal Grant every year. In comparison, 83% of the students are awarded the Student Grant, 41% get the Institution Grant, and 57% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,077, while the same comes to $1,289 for State Grant receivers and $1,153 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,246. 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. Candidates are also required to repay these loans within a given period. At KVCC, an estimated number of 46% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

56%

State Grant Aid

32%

Institution Grant Aid

45%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,651

State Grant Aid

$1,683

Institution Grant Aid

$1,142

Pell Grant

$5,129

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,817

$30,001 - $48,000

$5,517

$48,001 - $75,000

$3,005

$75,001 - $110,000

$749

Over $110,000

$167

Student Loans for Kennebec Valley Community College (KVCC)

Average Loan Amount Average Loan Amount received per year.

$4,794/Year

Students Taking Out Loans

41%

Loan Default Rate

13.4%

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