$4,844

Avg. Federal Grant

$4,554

Avg. Federal Loan

$5,983,545

Total Aid Awarded

Northeastern Junior College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$5.984M

Financial Aid Official Website

www.njc.edu/financialaid/home.html

As many as 95% of the students at NJC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,644,793 in a year. One can visit NJC's financial aid page at http://www.njc.edu/financialaid/home.html for more information. The total percentage of candidates applying to Northeastern Junior College who receive the Federal Grant is 58%. On the other hand, 87% of the candidates get the Student Grant, 57% receive the Institution Grant, and 51% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,385, while the same comes to $1,998 for State Grant receivers and $1,870 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,673. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 NJC, an estimated number of 50% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

44%

Institution Grant Aid

53%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$4,844

State Grant Aid

$2,111

Institution Grant Aid

$1,945

Pell Grant

$4,935

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,550

$30,001 - $48,000

$8,196

$48,001 - $75,000

$5,037

$75,001 - $110,000

$2,056

Over $110,000

$1,918

Student Loans for Northeastern Junior College

Average Loan Amount Average Loan Amount received per year.

$5,194/Year

Students Taking Out Loans

49%

Loan Default Rate

17.4%

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