$4,523

Avg. Federal Grant

$4,514

Avg. Federal Loan

$5,690,451

Total Aid Awarded

North Iowa Area Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$5.690M

Financial Aid Official Website

www.niacc.edu/admissions/finance-your-education/financial-aid/

As many as 91% of the students at NIACC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,641,261 in a year. For additional information about financial assistance schemes, one can head over to NIACC’s financial aid page at http://www.niacc.edu/admissions/finance-your-education/financial-aid/. At NIACC, the total percentage of applicants who receive the Federal Grant stands at 44%. In comparison, 79% of the students are awarded the Student Grant, 61% get the Institution Grant, and 44% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,491, and the same stands at $1,946 for State Grant awardees and $2,260 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,817. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At North Iowa Area Community College, the percentage of candidates who opt to avail of student loans is around 39%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

12%

Institution Grant Aid

58%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,523

State Grant Aid

$1,750

Institution Grant Aid

$2,409

Pell Grant

$4,443

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,979

$30,001 - $48,000

$6,409

$48,001 - $75,000

$3,441

$75,001 - $110,000

$2,089

Over $110,000

$2,133

Student Loans for North Iowa Area Community College

Average Loan Amount Average Loan Amount received per year.

$4,683/Year

Students Taking Out Loans

81%

Loan Default Rate

14.5%

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