$4,614

Avg. Federal Grant

$3,320

Avg. Federal Loan

$4,223,068

Total Aid Awarded

South Arkansas Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$4.223M

Financial Aid Official Website

https://www.southark.edu/pay-for-college/pay-for-college-financial-aid

As many as 94% of the students at SACC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,714,435 in a year. More information regarding the financial assistance schemes can be accessed on SACC’s official financial aid page at https://www.southark.edu/pay-for-college/pay-for-college-financial-aid. At SACC, the total percentage of applicants who receive the Federal Grant stands at 62%. On the other hand, 78% of the candidates get the Student Grant, 17% receive the Institution Grant, and 62% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,015, while the same comes to $1,243 for State Grant receivers and $1,974 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,423. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SACC, an estimated number of 17% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

24%

Institution Grant Aid

16%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,614

State Grant Aid

$1,356

Institution Grant Aid

$2,082

Pell Grant

$4,559

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,187

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for South Arkansas Community College

Average Loan Amount Average Loan Amount received per year.

$3,320/Year

Students Taking Out Loans

27%

Loan Default Rate

21.6%