$5,137

Avg. Federal Grant

$6,297

Avg. Federal Loan

$30,076,998

Total Aid Awarded

North Carolina Wesleyan College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$30.077M

Financial Aid Official Website

www.ncwc.edu/admissions/financial-assistance

Students can avail of scholarships provided by the college, such as North Carolina Student Incentive Grant, Triangle Scholarship Program, and Trustee Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 99% of students at NCWC receive some kind of financial aid, while the total amount of assistance/loans provided is $11,652,350. The total percentage of candidates applying to North Carolina Wesleyan College who receive the Federal Grant is 59%. On the other hand, 99% of the candidates get the Student Grant, 98% receive the Institution Grant, and 59% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,228, while the same comes to $4,956 for State Grant receivers and $22,645 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,933. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 71% of the applicants to North Carolina Wesleyan College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

50%

Institution Grant Aid

99%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$5,137

State Grant Aid

$4,650

Institution Grant Aid

$20,244

Pell Grant

$4,974

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,251

$30,001 - $48,000

$28,127

$48,001 - $75,000

$24,485

$75,001 - $110,000

$24,093

Over $110,000

$20,247

Student Loans for North Carolina Wesleyan College

Average Loan Amount Average Loan Amount received per year.

$6,458/Year

Students Taking Out Loans

73%

Loan Default Rate

14.1%

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