$4,237

Avg. Federal Grant

$5,275

Avg. Federal Loan

$20,114,874

Total Aid Awarded

Normandale Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$20.115M

Financial Aid Official Website

www.normandale.edu/financialaid

Notably, 76% of the students at Normandale Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,861,411. For additional information about financial assistance schemes, one can head over to NCC’s financial aid page at http://www.normandale.edu/financialaid. The total percentage of candidates applying to Normandale Community College who receive the Federal Grant is 51%. In comparison, 62% of the students are awarded the Student Grant, 6% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,474, while the same comes to $1,198 for State Grant receivers and $1,187 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,561. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At NCC, an estimated number of 24% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

49%

Institution Grant Aid

4%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,237

State Grant Aid

$1,033

Institution Grant Aid

$1,673

Pell Grant

$4,204

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with federal grants having the highest percentage contribution of 48% with an average aid amount being $4,237.

Pell grants have a percentage of 48% with an average aid amount of $4,204 which is higher than the State grant aid average of $1,033.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,613

$30,001 - $48,000

$5,232

$48,001 - $75,000

$3,459

$75,001 - $110,000

$984

Over $110,000

$44

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $5,613 while those with family income over $110,000 can expect to receive an aid amount of $44. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Normandale Community College

Average Loan Amount Average Loan Amount received per year.

$5,315/Year

Students Taking Out Loans

29%

Loan Default Rate

9.3%

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