Austin Community College Financial Aid and Scholarships
Students Receiving Aid
24%
Total Aid Amount
$57.690M
Financial Aid Official Website
www.austincc.edu/students/financial-aid
Students can avail of scholarships provided by the college, such as 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, if they find educational expenses to be on the higher side. Notably, 57% of the students at Austin Community College District get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $89,735,636. At ACCD, the total percentage of applicants who receive the Federal Grant stands at 35%. Meanwhile, 38% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 35% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,028, and the same stands at $2,777 for State Grant awardees and $1,147 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,591. 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. Every year, around 54% of the applicants to Austin Community College District opt for student loans.