North Arkansas College Financial Aid and Scholarships
Students Receiving Aid
77%
Total Aid Amount
$5.871M
Financial Aid Official Website
www.northark.edu/tuition-and-aid/financial-aid/index
It is interesting to note that, every year, around 96% of students at NAC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,031,223. More information regarding the financial assistance schemes can be accessed on NAC’s official financial aid page at http://www.northark.edu/tuition-and-aid/financial-aid/index. The total percentage of candidates applying to North Arkansas College who receive the Federal Grant is 83%. Meanwhile, 90% of the applicants receive the Student Grant and 37% are awarded the Institution Grant, while 71% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,928, and the same stands at $1,060 for State Grant awardees and $1,740 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,284. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At North Arkansas College, the percentage of candidates who opt to avail of student loans is around 13%.
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