Sauk Valley Community College (SVCC) Financial Aid and Scholarships
Students Receiving Aid
71%
Total Aid Amount
$4.002M
Financial Aid Official Website
www.svcc.edu/students/finaid/index.html
Notably, 78% of the students at Sauk Valley Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $911,953. More information regarding the financial assistance schemes can be accessed on SVCC’s official financial aid page at http://www.svcc.edu/students/finaid/index.html. Notably, a total of 44% of the applicants to Sauk Valley Community College receive the Federal Grant every year. In comparison, 61% of the students are awarded the Student Grant, 25% get the Institution Grant, and 43% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,873, and the same stands at $2,412 for State Grant awardees and $2,880 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,660. 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. 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 8% of the applicants to Sauk Valley Community College opt for student loans.
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