$5,705

Avg. Federal Grant

$7,083

Avg. Federal Loan

$1,008,533

Total Aid Awarded

Valley College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$1.009M

Financial Aid Official Website

www.valley.edu

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $802,829. For additional information about financial assistance schemes, one can head over to VCB’s financial aid page at http://www.lavc.edu/financialaid/index.html. The total percentage of candidates applying to Valley College-Beckley who receive the Federal Grant is 91%. In comparison, 100% of the students are awarded the Student Grant, 67% get the Institution Grant, and 91% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,980, the State Grant receivers and Institution Grant beneficiaries get $2,420 and $1,079, respectively. And, for the Pell Grant awardees, the average aid amount is $3,926. 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. 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. Every year, around 97% of the applicants to Valley College-Beckley opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

94%

State Grant Aid

52%

Institution Grant Aid

30%

Pell Grant

94%

Average Aid Awarded

Federal Grant Aid

$5,705

State Grant Aid

$2,921

Institution Grant Aid

$2,300

Pell Grant

$5,585

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,048

$30,001 - $48,000

$11,820

$48,001 - $75,000

$1,970

$75,001 - $110,000

$2,000

Over $110,000

$2,000

Student Loans for Valley College

Average Loan Amount Average Loan Amount received per year.

$8,215/Year

Students Taking Out Loans

98%

Loan Default Rate

23.2%

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