$7,255

Avg. Federal Grant

N/A

Avg. Federal Loan

$21,060,231

Total Aid Awarded

Wallace Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$21.060M

Financial Aid Official Website

www.wallace.edu/financial_aid.aspx

It is interesting to note that, every year, around 88% of students at GCWCCD receive some kind of financial aid. More information regarding the financial assistance schemes can be accessed on GCWCCD’s official financial aid page at http://www.wallace.edu/financial_aid.aspx. At GCWCCD, the total percentage of applicants who receive the Federal Grant stands at 64%. On the other hand, 75% of the candidates get the Student Grant, 14% receive the Institution Grant, and 63% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,499, and the same stands at $2,258 for State Grant awardees and $4,819 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $6,786. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At George C Wallace Community College-Dothan, the percentage of candidates who opt to avail of student loans is around 2%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

9%

Institution Grant Aid

23%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$7,255

State Grant Aid

$2,498

Institution Grant Aid

$4,776

Pell Grant

$7,214

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,689

$30,001 - $48,000

$7,717

$48,001 - $75,000

$5,916

$75,001 - $110,000

$7,879

Over $110,000

N/A

Student Loans for Wallace Community College

Average Loan Amount Average Loan Amount received per year.

$5,802/Year

Students Taking Out Loans

3%

Loan Default Rate

N/A