$4,941

Avg. Federal Grant

$3,880

Avg. Federal Loan

$14,738,020

Total Aid Awarded

NorthWest Arkansas Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$14.738M

Financial Aid Official Website

www.nwacc.edu/web/lss_fa/

As many as 75% of the students at NACC get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,547,889 in a year. One can visit NACC's financial aid page at http://www.nwacc.edu/web/lss_fa/ for more information. The total percentage of candidates applying to NorthWest Arkansas Community College who receive the Federal Grant is 45%. Meanwhile, 72% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 45% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,175, the State Grant receivers and Institution Grant beneficiaries get $1,034 and $1,243, respectively. And, for the Pell Grant awardees, the average aid amount is $4,758. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At NorthWest Arkansas Community College, the percentage of candidates who opt to avail of student loans is around 22%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

36%

Institution Grant Aid

4%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,941

State Grant Aid

$991

Institution Grant Aid

$1,222

Pell Grant

$4,864

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,964

$30,001 - $48,000

$4,998

$48,001 - $75,000

$2,701

$75,001 - $110,000

$762

Over $110,000

$440

Student Loans for NorthWest Arkansas Community College

Average Loan Amount Average Loan Amount received per year.

$3,924/Year

Students Taking Out Loans

13%

Loan Default Rate

13.8%