North Hennepin Community College Financial Aid and Scholarships
Students Receiving Aid
58%
Total Aid Amount
$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.
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