$4,509

Avg. Federal Grant

$5,213

Avg. Federal Loan

$12,488,084

Total Aid Awarded

North Hennepin Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$12.488M

Financial Aid Official Website

https://www.nhcc.edu/registration/financial-aid-scholarships

It is interesting to note that, every year, around 72% of students at NHCC receive some kind of financial aid, while the total amount of assistance/loans provided is $10,493,399. One can visit NHCC's financial aid page at https://www.nhcc.edu/registration/financial-aid-scholarships for more information. Notably, a total of 49% of the applicants to North Hennepin Community College receive the Federal Grant every year. On the other hand, 60% of the candidates get the Student Grant, 5% receive the Institution Grant, and 49% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,394, the State Grant receivers and Institution Grant beneficiaries get $1,291 and $751, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,128. 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. Candidates are also required to repay these loans within a given period. Every year, around 24% of the applicants to North Hennepin Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

56%

State Grant Aid

47%

Institution Grant Aid

34%

Pell Grant

56%

Average Aid Awarded

Federal Grant Aid

$4,509

State Grant Aid

$830

Institution Grant Aid

$250

Pell Grant

$4,451

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,809

$30,001 - $48,000

$5,239

$48,001 - $75,000

$2,566

$75,001 - $110,000

$805

Over $110,000

$65

Student Loans for North Hennepin Community College

Average Loan Amount Average Loan Amount received per year.

$5,213/Year

Students Taking Out Loans

30%

Loan Default Rate

13.3%

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