South Louisiana Community College Financial Aid and Scholarships
Students Receiving Aid
92%
Total Aid Amount
$21.241M
Financial Aid Official Website
https://www.solacc.edu/financial-aid
It is interesting to note that, every year, around 85% of students at SLCC receive some kind of financial aid, while the total amount of assistance/loans provided is $14,726,515. One can visit SLCC's financial aid page at https://www.solacc.edu/financial-aid for more information. Notably, a total of 61% of the applicants to South Louisiana Community College receive the Federal Grant every year. On the other hand, 76% of the candidates get the Student Grant, 5% receive the Institution Grant, and 60% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,423, the State Grant receivers and Institution Grant beneficiaries get $2,674 and $2,336, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,000. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At South Louisiana Community College, the percentage of candidates who opt to avail of student loans is around 39%.
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