$4,645

Avg. Federal Grant

$3,710

Avg. Federal Loan

$4,002,079

Total Aid Awarded

Sauk Valley Community College (SVCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

9%

Institution Grant Aid

23%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,645

State Grant Aid

$1,667

Institution Grant Aid

$2,646

Pell Grant

$4,466

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,871

$30,001 - $48,000

$5,292

$48,001 - $75,000

$2,793

$75,001 - $110,000

$1,451

Over $110,000

$268

Student Loans for Sauk Valley Community College (SVCC)

Average Loan Amount Average Loan Amount received per year.

$3,710/Year

Students Taking Out Loans

13%

Loan Default Rate

13.5%

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