Naugatuck Valley Community College Financial Aid and Scholarships
Students Receiving Aid
78%
Total Aid Amount
$22.300M
Financial Aid Official Website
www.nv.edu/admissions-and-aid/paying-for-college/financial-aid
It is interesting to note that, every year, around 75% of students at NVCC receive some kind of financial aid, while the total amount of assistance/loans provided is $943,478. For additional information about financial assistance schemes, one can head over to NVCC’s financial aid page at http://www.nv.edu/admissions-and-aid/paying-for-college/financial-aid. At NVCC, the total percentage of applicants who receive the Federal Grant stands at 66%. On the other hand, 73% of the candidates get the Student Grant, 29% receive the Institution Grant, and 66% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,594, the State Grant receivers and Institution Grant beneficiaries get $2,990 and $384, respectively. 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 NVCC, an estimated number of 3% of the applicants choose to go for student loans.
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