$4,640

Avg. Federal Grant

$2,422

Avg. Federal Loan

$1,686,308

Total Aid Awarded

Luna Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

27%

Total Aid Amount Average Total Aid Awarded per year.

$1.686M

Financial Aid Official Website

www.luna.edu/financial-aid/

It is interesting to note that, every year, around 88% of students at LCC receive some kind of financial aid, while the total amount of assistance/loans provided is $182,923. One can visit LCC's financial aid page at http://www.luna.edu/financial-aid/ for more information. At LCC, the total percentage of applicants who receive the Federal Grant stands at 56%. Meanwhile, 84% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 56% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,424, the State Grant receivers and Institution Grant beneficiaries get $1,011 and $2,710, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,323. 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. 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. At Luna Community College, the percentage of candidates who opt to avail of student loans is around 8%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

57%

Institution Grant Aid

14%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$4,640

State Grant Aid

$988

Institution Grant Aid

$2,745

Pell Grant

$4,467

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,613

$30,001 - $48,000

$3,549

$48,001 - $75,000

$4,177

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Luna Community College

Average Loan Amount Average Loan Amount received per year.

$2,422/Year

Students Taking Out Loans

5%

Loan Default Rate

28.3%