Lorain County Community College Financial Aid and Scholarships
Students Receiving Aid
70%
Total Aid Amount
$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%.
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