$5,309

Avg. Federal Grant

$5,224

Avg. Federal Loan

$21,240,840

Total Aid Awarded

South Louisiana Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$21.241M

Financial Aid Official Website

https://www.solacc.edu/financial-aid

It is interesting to note that, every year, around 85% of students at SLCC receive some kind of financial aid, while the total amount of assistance/loans provided is $14,726,515. One can visit SLCC's financial aid page at https://www.solacc.edu/financial-aid for more information. Notably, a total of 61% of the applicants to South Louisiana Community College receive the Federal Grant every year. On the other hand, 76% of the candidates get the Student Grant, 5% receive the Institution Grant, and 60% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,423, the State Grant receivers and Institution Grant beneficiaries get $2,674 and $2,336, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,000. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At South Louisiana Community College, the percentage of candidates who opt to avail of student loans is around 39%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

21%

Institution Grant Aid

3%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$5,309

State Grant Aid

$2,588

Institution Grant Aid

$3,224

Pell Grant

$5,205

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,932

$30,001 - $48,000

$5,206

$48,001 - $75,000

$3,317

$75,001 - $110,000

$1,125

Over $110,000

$880

Student Loans for South Louisiana Community College

Average Loan Amount Average Loan Amount received per year.

$5,224/Year

Students Taking Out Loans

42%

Loan Default Rate

25.1%

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