$4,835

Avg. Federal Grant

$4,992

Avg. Federal Loan

$14,337,526

Total Aid Awarded

Wharton County Junior College (WCJC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

38%

Total Aid Amount Average Total Aid Awarded per year.

$14.338M

Financial Aid Official Website

https://www.wcjc.edu/About-Us/administration/offices/financial-aid/index.aspx

Such schemes include Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. As many as 55% of the students at WCJC get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,361,501 in a year. Notably, a total of 34% of the applicants to Wharton County Junior College receive the Federal Grant every year. On the other hand, 42% of the candidates get the Student Grant, 11% receive the Institution Grant, and 33% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,083, while the same comes to $1,845 for State Grant receivers and $2,793 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,591. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WCJC, an estimated number of 25% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

35%

State Grant Aid

13%

Institution Grant Aid

11%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$4,835

State Grant Aid

$1,735

Institution Grant Aid

$3,168

Pell Grant

$4,747

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,547

$30,001 - $48,000

$5,286

$48,001 - $75,000

$2,656

$75,001 - $110,000

$325

Over $110,000

$322

Student Loans for Wharton County Junior College (WCJC)

Average Loan Amount Average Loan Amount received per year.

$4,992/Year

Students Taking Out Loans

27%

Loan Default Rate

5.1%

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