$5,057

Avg. Federal Grant

$5,099

Avg. Federal Loan

$15,086,927

Total Aid Awarded

Navarro College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$15.087M

Financial Aid Official Website

www.navarrocollege.edu/costs-aid/

It is interesting to note that, every year, around 63% of students at NC receive some kind of financial aid, while the total amount of assistance/loans provided is $11,054,036. At NC, the total percentage of applicants who receive the Federal Grant stands at 47%. Meanwhile, 52% of the applicants receive the Student Grant and 11% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,233, and the same stands at $2,567 for State Grant awardees and $2,632 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,470. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Navarro College, the percentage of candidates who opt to avail of student loans is around 33%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

12%

Institution Grant Aid

11%

Pell Grant

53%

Average Aid Awarded

Federal Grant Aid

$5,057

State Grant Aid

$2,122

Institution Grant Aid

$2,685

Pell Grant

$4,975

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,867

$30,001 - $48,000

$2,402

$48,001 - $75,000

$1,179

$75,001 - $110,000

$236

Over $110,000

$34

Student Loans for Navarro College

Average Loan Amount Average Loan Amount received per year.

$5,101/Year

Students Taking Out Loans

34%

Loan Default Rate

22.9%

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