$4,856

Avg. Federal Grant

$4,190

Avg. Federal Loan

$22,300,369

Total Aid Awarded

Naugatuck Valley Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

22%

Institution Grant Aid

48%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,856

State Grant Aid

$2,751

Institution Grant Aid

$932

Pell Grant

$4,786

Naugatuck Valley Community College has provided many types of aids to their students, but sometimes, it can get difficult to understand how that aid is distributed across the student population. Fortunately, we have spread out the latest information and given you those insights to help you understand the distributions.

  • Around 57% of the students receive Federal Grant Aid which amounts to an average of US$4,856.

  • 57% of the students receive Pell Grants which amount to an average of around $4,786.

  • Approximately 22% of the students receive state grants at an average of around $2,751.

  • 48% of the students receive institutional grants which amount to an average of around $932.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,779

$30,001 - $48,000

$5,592

$48,001 - $75,000

$5,272

$75,001 - $110,000

$3,189

Over $110,000

$437

This is in the form of federal aid and the amount received can vary, depending on the income of the student or the student’s family. The average federal aid in Naugatuck Valley Community College is calculated according to the family income of the student which is segregated into 5 different income groups.

  • The average financial assistance provided to the student who has a family income of under $30,000 is $5,779.

  • The students who have a family income in a range between $30,001 to $48,000 are provided the average financial aid of $5,592.

  • The average financial aid of $5,272 is offered to the students who have an income range of $48,001 to $75,000.

  • The students and families who have an annual income fall in $75,001 to $110,000 the average federal aid provided are $3,189.

  • Students whose income point falls at $110,000 or above they have an average of $437.

Student Loans for Naugatuck Valley Community College

Average Loan Amount Average Loan Amount received per year.

$4,190/Year

Students Taking Out Loans

2%

Loan Default Rate

12.2%

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