$4,466

Avg. Federal Grant

$3,887

Avg. Federal Loan

$21,919,495

Total Aid Awarded

Lorain County Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$21.919M

Financial Aid Official Website

https://www.lorainccc.edu/paying-for-college/financial-aid/

Among them are scholarship programs such as James R. Hunt Memorial Scholarship, Janet Lowther McMinn & Robert McMinn Scholarship, John H. Bobel Memorial Scholarship, and Larry and Doris Clark Scholarship. It is interesting to note that, every year, around 82% of students at LCCC receive some kind of financial aid, while the total amount of assistance/loans provided is $7,821,602. At LCCC, the total percentage of applicants who receive the Federal Grant stands at 54%. On the other hand, 77% of the candidates get the Student Grant, 37% receive the Institution Grant, and 54% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,724, while the same comes to $1,924 for State Grant receivers and $2,321 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,516. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Lorain County Community College, the percentage of candidates who opt to avail of student loans is around 11%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

2%

Institution Grant Aid

37%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,466

State Grant Aid

$4,140

Institution Grant Aid

$2,351

Pell Grant

$4,353

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,403

$30,001 - $48,000

$4,630

$48,001 - $75,000

$3,276

$75,001 - $110,000

$1,747

Over $110,000

$680

Student Loans for Lorain County Community College

Average Loan Amount Average Loan Amount received per year.

$3,897/Year

Students Taking Out Loans

12%

Loan Default Rate

14.5%

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