$4,790

Avg. Federal Grant

$2,480

Avg. Federal Loan

$4,724,569

Total Aid Awarded

North Central State College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$4.725M

Financial Aid Official Website

www.ncstatecollege.edu/cms/financial-aid.html

Among them are scholarship programs such as Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, Educational Assistance Commitment Grant, and James R. Hunt Memorial Scholarship. It is interesting to note that, every year, around 95% of students at NCSC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,663,062. Notably, a total of 58% of the applicants to North Central State College receive the Federal Grant every year. Meanwhile, 88% of the applicants receive the Student Grant and 33% are awarded the Institution Grant, while 58% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,080, the State Grant receivers and Institution Grant beneficiaries get $1,625 and $2,928, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,284. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. At NCSC, an estimated number of 28% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

16%

Institution Grant Aid

31%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,790

State Grant Aid

$3,045

Institution Grant Aid

$2,469

Pell Grant

$4,695

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,115

$30,001 - $48,000

$5,039

$48,001 - $75,000

$3,361

$75,001 - $110,000

$1,766

Over $110,000

$322

Student Loans for North Central State College

Average Loan Amount Average Loan Amount received per year.

$2,574/Year

Students Taking Out Loans

27%

Loan Default Rate

14.4%

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