$5,422

Avg. Federal Grant

N/A

Avg. Federal Loan

$6,716,880

Total Aid Awarded

Lurleen B Wallace Community College (LBWCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$6.717M

Financial Aid Official Website

https://www.lbwcc.edu/financial-aid

As many as 96% of the students at LBWCC receive some kind of financial aid, shows the latest data. More information regarding the financial assistance schemes can be accessed on LBWCC’s official financial aid page at https://www.lbwcc.edu/financial-aid. At LBWCC, the total percentage of applicants who receive the Federal Grant stands at 71%. On the other hand, 91% of the candidates get the Student Grant, 43% receive the Institution Grant, and 71% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,757, the State Grant receivers and Institution Grant beneficiaries get $1,490 and $3,567, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,998. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 3% of the applicants to Lurleen B Wallace Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

70%

State Grant Aid

7%

Institution Grant Aid

38%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$5,422

State Grant Aid

$2,132

Institution Grant Aid

$3,695

Pell Grant

$5,349

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,633

$30,001 - $48,000

$6,165

$48,001 - $75,000

$4,086

$75,001 - $110,000

$4,570

Over $110,000

$6,976

Student Loans for Lurleen B Wallace Community College (LBWCC)

Average Loan Amount Average Loan Amount received per year.

$6,365/Year

Students Taking Out Loans

4%

Loan Default Rate

N/A

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