$4,893

Avg. Federal Grant

$4,626

Avg. Federal Loan

$18,185,462

Total Aid Awarded

Passaic County Community College (PCCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$18.185M

Financial Aid Official Website

www.pccc.edu/prospective/paying-for-college/financial-aid

It is interesting to note that, every year, around 77% of students at PCCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,695,687. For additional information about financial assistance schemes, one can head over to PCCC’s financial aid page at http://www.pccc.edu/prospective/paying-for-college/financial-aid. At PCCC, the total percentage of applicants who receive the Federal Grant stands at 69%. Meanwhile, 75% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 69% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,062, while the same comes to $2,099 for State Grant receivers and $723 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,954. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Passaic County Community College, the percentage of candidates who opt to avail of student loans is around 4%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

23%

Institution Grant Aid

19%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$4,893

State Grant Aid

$2,183

Institution Grant Aid

$685

Pell Grant

$4,845

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,973

$30,001 - $48,000

$5,633

$48,001 - $75,000

$3,096

$75,001 - $110,000

$759

Over $110,000

$128

Student Loans for Passaic County Community College (PCCC)

Average Loan Amount Average Loan Amount received per year.

$4,626/Year

Students Taking Out Loans

5%

Loan Default Rate

14.8%

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