$5,402

Avg. Federal Grant

$5,330

Avg. Federal Loan

$2,490,306

Total Aid Awarded

Northwest Iowa Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

29%

Total Aid Amount Average Total Aid Awarded per year.

$2.490M

Financial Aid Official Website

N/A

Notably, 83% of the students at Northwest Iowa Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,940,083. The total percentage of candidates applying to Northwest Iowa Community College who receive the Federal Grant is 42%. In comparison, 63% of the students are awarded the Student Grant, 27% get the Institution Grant, and 42% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,968, while the same comes to $1,906 for State Grant receivers and $2,145 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,883. 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. Every year, around 45% of the applicants to Northwest Iowa Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

26%

Institution Grant Aid

34%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$5,402

State Grant Aid

$2,638

Institution Grant Aid

$2,166

Pell Grant

$5,335

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,695

$30,001 - $48,000

$6,660

$48,001 - $75,000

$4,911

$75,001 - $110,000

$2,045

Over $110,000

$1,426

Student Loans for Northwest Iowa Community College

Average Loan Amount Average Loan Amount received per year.

$6,116/Year

Students Taking Out Loans

53%

Loan Default Rate

7.6%

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#N/A

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