$4,026

Avg. Federal Grant

$4,693

Avg. Federal Loan

$2,223,455

Total Aid Awarded

Nashua Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

35%

Total Aid Amount Average Total Aid Awarded per year.

$2.223M

Financial Aid Official Website

nashuacc.edu/pay-for-college/financial-aid

Notably, 69% of the students at Nashua Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,637,553. More information regarding the financial assistance schemes can be accessed on NCC’s official financial aid page at http://nashuacc.edu/pay-for-college/financial-aid. At NCC, the total percentage of applicants who receive the Federal Grant stands at 41%. In comparison, 44% of the students are awarded the Student Grant, 3% get the Institution Grant, and 41% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,642, while the same comes to $1,287 for State Grant receivers and $954 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,597. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 Nashua Community College, the percentage of candidates who opt to avail of student loans is around 43%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

20%

Institution Grant Aid

3%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$4,026

State Grant Aid

$733

Institution Grant Aid

$857

Pell Grant

$3,959

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,475

$30,001 - $48,000

$434

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Nashua Community College

Average Loan Amount Average Loan Amount received per year.

$4,763/Year

Students Taking Out Loans

45%

Loan Default Rate

13.1%

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