$5,974

Avg. Federal Grant

$2,529

Avg. Federal Loan

$9,406,809

Total Aid Awarded

Northwest Florida State College (NWFSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

59%

Total Aid Amount Average Total Aid Awarded per year.

$9.407M

Financial Aid Official Website

www.nwfsc.edu/Students/PayingforCollege/FinancialAid/

Notably, 77% of the students at Northwest Florida State College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,620,217. More information regarding the financial assistance schemes can be accessed on NFSC’s official financial aid page at http://www.nwfsc.edu/Students/PayingforCollege/FinancialAid/. The total percentage of candidates applying to Northwest Florida State College who receive the Federal Grant is 41%. In comparison, 69% of the students are awarded the Student Grant, 22% get the Institution Grant, and 41% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $7,354, the State Grant receivers and Institution Grant beneficiaries get $2,297 and $1,437, respectively. On the other hand, the average aid received by the Pell Grant awardees is $6,278. 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 NFSC, an estimated number of 31% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

23%

Institution Grant Aid

17%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$5,974

State Grant Aid

$1,955

Institution Grant Aid

$2,279

Pell Grant

$5,924

The contribution of federal, state and institutional grants with reasonable figures are denoted below:

  • Federal Grants: Almost 42% of the students with an average aid of $5,974.

  • Pell Grants: This serves 42% of the students with an average aid of $5,924.

  • State Grants: Around 23% of the students are catered with an average aid of $1,955.

  • Institutional Grants: Approximately 17% of the students are offered with an average aid of $2,279.

On an average, $2,529 of federal loans is offered by NWFSC to support the students financially.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,362

$30,001 - $48,000

$5,999

$48,001 - $75,000

$4,555

$75,001 - $110,000

$466

Over $110,000

N/A

Northwest Florida State College financial aid offered to students fluctuates between $4,908 and $7,632 based on their family income.

The average financial aid amounts to $4,658. The financial aid of $4,555 is awarded to the majority of students with income categories ranging from $48,001-$75,000.

Financial aid amounting to $7,362, $5,999 and $4,555 applies for the students with family income less than $75,000; each of them fall between the ranges of $0 - $30,000, $30,001 - $48,000 and $48,001 - $75,000, respectively. Those with income more than $75,000 are offered $1,861 and $2,051; for income ranges of $75,000 - $110,000 and above $110,000, respectively.

Student Loans for Northwest Florida State College (NWFSC)

Average Loan Amount Average Loan Amount received per year.

$2,529/Year

Students Taking Out Loans

5%

Loan Default Rate

17.5%

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