$5,151

Avg. Federal Grant

$5,073

Avg. Federal Loan

$16,029,266

Total Aid Awarded

Laney College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$16.029M

Financial Aid Official Website

laney.edu/financial_aid/

Such schemes include AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. It is interesting to note that, every year, around 68% of students at LC receive some kind of financial aid, while the total amount of assistance/loans provided is $786,424. More information regarding the financial assistance schemes can be accessed on LC’s official financial aid page at http://laney.edu/financial_aid/. At LC, the total percentage of applicants who receive the Federal Grant stands at 43%. Meanwhile, 68% of the applicants receive the Student Grant, while 43% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,122. 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. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 1% of the applicants to Laney College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

69%

Institution Grant Aid

N/A

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$5,151

State Grant Aid

$1,625

Institution Grant Aid

N/A

Pell Grant

$5,047

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,095

$30,001 - $48,000

$6,862

$48,001 - $75,000

$3,894

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Laney College

Average Loan Amount Average Loan Amount received per year.

$5,073/Year

Students Taking Out Loans

1%

Loan Default Rate

27.9%

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