$4,421

Avg. Federal Grant

$4,803

Avg. Federal Loan

$12,274,487

Total Aid Awarded

Linn-Benton Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

40%

Total Aid Amount Average Total Aid Awarded per year.

$12.274M

Financial Aid Official Website

https://linnbenton.edu/current-students/money-matters/financial-aid/

Notably, 80% of the students at Linn-Benton Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,772,123. For additional information about financial assistance schemes, one can head over to LBCC’s financial aid page at https://linnbenton.edu/current-students/money-matters/financial-aid/. At LBCC, the total percentage of applicants who receive the Federal Grant stands at 40%. In comparison, 69% of the students are awarded the Student Grant, 7% get the Institution Grant, and 40% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,320, and the same stands at $2,756 for State Grant awardees and $1,830 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,415. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Linn-Benton Community College, the percentage of candidates who opt to avail of student loans is around 48%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

53%

Institution Grant Aid

7%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,421

State Grant Aid

$2,282

Institution Grant Aid

$1,842

Pell Grant

$4,285

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,763

$30,001 - $48,000

$5,486

$48,001 - $75,000

$3,098

$75,001 - $110,000

$2,104

Over $110,000

$836

Student Loans for Linn-Benton Community College

Average Loan Amount Average Loan Amount received per year.

$4,803/Year

Students Taking Out Loans

56%

Loan Default Rate

15.1%

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