$4,586

Avg. Federal Grant

$3,169

Avg. Federal Loan

$28,914,095

Total Aid Awarded

Salt Lake Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

27%

Total Aid Amount Average Total Aid Awarded per year.

$28.914M

Financial Aid Official Website

www.slcc.edu/financialaid

Students can avail of scholarships provided by the college, such as Western Undergraduate Exchange, if they find educational expenses to be on the higher side. Notably, 64% of the students at Salt Lake Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,946,035. At SLCC, the total percentage of applicants who receive the Federal Grant stands at 44%. On the other hand, 54% of the candidates get the Student Grant, 11% receive the Institution Grant, and 44% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,669, and the same stands at $1,185 for State Grant awardees and $1,954 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,567. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 SLCC, an estimated number of 14% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

6%

Institution Grant Aid

7%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$4,586

State Grant Aid

$1,334

Institution Grant Aid

$1,780

Pell Grant

$4,536

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,270

$30,001 - $48,000

$4,747

$48,001 - $75,000

$2,956

$75,001 - $110,000

$802

Over $110,000

$98

Student Loans for Salt Lake Community College

Average Loan Amount Average Loan Amount received per year.

$3,321/Year

Students Taking Out Loans

15%

Loan Default Rate

11.9%