$5,246

Avg. Federal Grant

$2,271

Avg. Federal Loan

$8,410,923

Total Aid Awarded

Northeast Alabama Community College (NACC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$8.411M

Financial Aid Official Website

https://www.nacc.edu/admission-financial-aid/financial-aid

Notably, 93% of the students at Northeast Alabama Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,066,071. One can visit NACC's financial aid page at https://www.nacc.edu/admission-financial-aid/financial-aid for more information. The total percentage of candidates applying to Northeast Alabama Community College who receive the Federal Grant is 70%. Meanwhile, 82% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 70% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,507, the State Grant receivers and Institution Grant beneficiaries get $509 and $4,621, respectively. And, for the Pell Grant awardees, the average aid amount is $4,523. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Northeast Alabama Community College, the percentage of candidates who opt to avail of student loans is around 9%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

70%

State Grant Aid

2%

Institution Grant Aid

31%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$5,246

State Grant Aid

$582

Institution Grant Aid

$3,755

Pell Grant

$5,204

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,045

$30,001 - $48,000

$5,844

$48,001 - $75,000

$4,161

$75,001 - $110,000

$2,384

Over $110,000

$3,030

Student Loans for Northeast Alabama Community College (NACC)

Average Loan Amount Average Loan Amount received per year.

$3,825/Year

Students Taking Out Loans

12%

Loan Default Rate

12.1%

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