$4,500

Avg. Federal Grant

$4,178

Avg. Federal Loan

$5,871,282

Total Aid Awarded

North Arkansas College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$5.871M

Financial Aid Official Website

www.northark.edu/tuition-and-aid/financial-aid/index

It is interesting to note that, every year, around 96% of students at NAC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,031,223. More information regarding the financial assistance schemes can be accessed on NAC’s official financial aid page at http://www.northark.edu/tuition-and-aid/financial-aid/index. The total percentage of candidates applying to North Arkansas College who receive the Federal Grant is 83%. Meanwhile, 90% of the applicants receive the Student Grant and 37% are awarded the Institution Grant, while 71% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,928, and the same stands at $1,060 for State Grant awardees and $1,740 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,284. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 North Arkansas College, the percentage of candidates who opt to avail of student loans is around 13%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

45%

Institution Grant Aid

33%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$4,500

State Grant Aid

$1,125

Institution Grant Aid

$1,690

Pell Grant

$4,457

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,765

$30,001 - $48,000

$5,235

$48,001 - $75,000

$3,045

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for North Arkansas College

Average Loan Amount Average Loan Amount received per year.

$4,348/Year

Students Taking Out Loans

11%

Loan Default Rate

13%