$5,963

Avg. Federal Grant

$2,845

Avg. Federal Loan

$20,843,986

Total Aid Awarded

Spartanburg Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$20.844M

Financial Aid Official Website

www.sccsc.edu/financialaid

Notably, 96% of the students at Spartanburg Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,602,039. At SCC, the total percentage of applicants who receive the Federal Grant stands at 65%. In comparison, 96% of the students are awarded the Student Grant, 7% get the Institution Grant, and 64% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,141, and the same stands at $4,523 for State Grant awardees and $2,278 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,248. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At SCC, an estimated number of 8% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

89%

Institution Grant Aid

3%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$5,963

State Grant Aid

$4,283

Institution Grant Aid

$2,676

Pell Grant

$5,890

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with federal grants having the highest contribution of 63% with an average aid amount being $5,963.

  • Almost 63% of the students receive Pell Grants which add up to a normal of around $5,890.

  • Roughly 89% of the students are eligible for state awards at a normal of around $4,283.

  • 3% of the students get institutional awards which add up to a normal of around $2,676.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,723

$30,001 - $48,000

$10,191

$48,001 - $75,000

$7,603

$75,001 - $110,000

$4,312

Over $110,000

$4,368

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $9,723 whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $10,191

The student who has a family income ranging from $48,001 to $75,000 the average federal aid provided is $7,603 whereas the student having an annual income ranging from $75,001 to $110,000 the average federal provided is around $4,312. And the student has an annual income range greater than $110,000, the average federal aid provided is $4,368. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Spartanburg Community College

Average Loan Amount Average Loan Amount received per year.

$2,274/Year

Students Taking Out Loans

8%

Loan Default Rate

16.5%

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