Inver Hills Community College Financial Aid and Scholarships
Students Receiving Aid
50%
Total Aid Amount
$7.835M
Financial Aid Official Website
https://www.inverhills.edu/FinancialAid/index.aspx
As many as 68% of the students at IHCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,680,501 in a year. More information regarding the financial assistance schemes can be accessed on IHCC’s official financial aid page at https://www.inverhills.edu/FinancialAid/index.aspx. At IHCC, the total percentage of applicants who receive the Federal Grant stands at 39%. In comparison, 51% of the students are awarded the Student Grant, 5% get the Institution Grant, and 39% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,112, and the same stands at $1,142 for State Grant awardees and $1,667 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,356. 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. Candidates are also required to repay these loans within a given period. Every year, around 28% of the applicants to Inver Hills Community College opt for student loans.
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