$4,473

Avg. Federal Grant

$3,011

Avg. Federal Loan

$11,838,320

Total Aid Awarded

Norwalk Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$11.838M

Financial Aid Official Website

https://norwalk.edu/finaid/

As many as 71% of the students at NCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $398,731 in a year. More information regarding the financial assistance schemes can be accessed on NCC’s official financial aid page at https://norwalk.edu/finaid/. Notably, a total of 59% of the applicants to Norwalk Community College receive the Federal Grant every year. On the other hand, 69% of the candidates get the Student Grant, 20% receive the Institution Grant, and 59% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,257, the State Grant receivers and Institution Grant beneficiaries get $2,838 and $2,480, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,874. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At NCC, an estimated number of 2% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

19%

Institution Grant Aid

46%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,473

State Grant Aid

$3,103

Institution Grant Aid

$791

Pell Grant

$4,788

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,930

$30,001 - $48,000

$5,484

$48,001 - $75,000

$5,244

$75,001 - $110,000

$3,877

Over $110,000

N/A

Student Loans for Norwalk Community College

Average Loan Amount Average Loan Amount received per year.

$3,011/Year

Students Taking Out Loans

9%

Loan Default Rate

12.5%

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