$4,700

Avg. Federal Grant

$4,500

Avg. Federal Loan

$14,580,474

Total Aid Awarded

Norco College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$14.580M

Financial Aid Official Website

www.norcocollege.edu/services/studentfinancialservices/Pages/index.aspx

It is interesting to note that, every year, around 70% of students at NC receive some kind of financial aid, while the total amount of assistance/loans provided is $499,407. Notably, a total of 42% of the applicants to Norco College receive the Federal Grant every year. In comparison, 69% of the students get the Student Grant, and 42% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,687. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Norco College, the percentage of candidates who opt to avail of student loans is around 1%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

71%

Institution Grant Aid

3%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$4,700

State Grant Aid

$2,101

Institution Grant Aid

$347

Pell Grant

$4,566

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,008

$30,001 - $48,000

$7,279

$48,001 - $75,000

$3,974

$75,001 - $110,000

$3,870

Over $110,000

$1,426

Student Loans for Norco College

Average Loan Amount Average Loan Amount received per year.

$4,500/Year

Students Taking Out Loans

N/A

Loan Default Rate

13.2%

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