Northwest Iowa Community College Financial Aid and Scholarships
Students Receiving Aid
29%
Total Aid Amount
$2.490M
Financial Aid Official Website
N/A
Notably, 83% of the students at Northwest Iowa Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,940,083. The total percentage of candidates applying to Northwest Iowa Community College who receive the Federal Grant is 42%. In comparison, 63% of the students are awarded the Student Grant, 27% get the Institution Grant, and 42% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,968, while the same comes to $1,906 for State Grant receivers and $2,145 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,883. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. Every year, around 45% of the applicants to Northwest Iowa Community College opt for student loans.