$4,261

Avg. Federal Grant

$3,284

Avg. Federal Loan

$10,597,259

Total Aid Awarded

Waubonsee Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

31%

Total Aid Amount Average Total Aid Awarded per year.

$10.597M

Financial Aid Official Website

https://www.waubonsee.edu/admissions/financial-aid-and-scholarships

It is interesting to note that, every year, around 55% of students at WCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,985,947. At WCC, the total percentage of applicants who receive the Federal Grant stands at 34%. On the other hand, 44% of the candidates get the Student Grant, 14% receive the Institution Grant, and 34% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,746, and the same stands at $1,118 for State Grant awardees and $2,744 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,388. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At WCC, an estimated number of 13% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

20%

Institution Grant Aid

13%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,261

State Grant Aid

$1,086

Institution Grant Aid

$2,863

Pell Grant

$4,240

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,832

$30,001 - $48,000

$5,078

$48,001 - $75,000

$2,867

$75,001 - $110,000

$421

Over $110,000

$86

Student Loans for Waubonsee Community College

Average Loan Amount Average Loan Amount received per year.

$3,284/Year

Students Taking Out Loans

15%

Loan Default Rate

8.6%

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