$4,255

Avg. Federal Grant

$4,376

Avg. Federal Loan

$6,019,852

Total Aid Awarded

Lord Fairfax Community College (LFCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

31%

Total Aid Amount Average Total Aid Awarded per year.

$6.020M

Financial Aid Official Website

https://lfcc.edu/future-students/financial-aid/

Among them are scholarship programs such as Virginia Military Survivors and Dependents Education Program. Notably, 61% of the students at Lord Fairfax Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,046,268. The total percentage of candidates applying to Lord Fairfax Community College who receive the Federal Grant is 37%. In comparison, 51% of the students are awarded the Student Grant, 11% get the Institution Grant, and 37% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,262, while the same comes to $1,028 for State Grant receivers and $2,224 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,051. 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. Every year, around 10% of the applicants to Lord Fairfax Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

41%

Institution Grant Aid

13%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,255

State Grant Aid

$1,028

Institution Grant Aid

$1,353

Pell Grant

$4,208

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,335

$30,001 - $48,000

$5,187

$48,001 - $75,000

$3,547

$75,001 - $110,000

$1,427

Over $110,000

N/A

Student Loans for Lord Fairfax Community College (LFCC)

Average Loan Amount Average Loan Amount received per year.

$4,443/Year

Students Taking Out Loans

11%

Loan Default Rate

17.6%

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