$5,532

Avg. Federal Grant

$8,023

Avg. Federal Loan

$464,827

Total Aid Awarded

Valley College of Medical Careers Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$464.827K

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 88% of students at VCMC receive some kind of financial aid, while the total amount of assistance/loans provided is $561,735. The total percentage of candidates applying to Valley College of Medical Careers who receive the Federal Grant is 52%. Meanwhile, 52% of the applicants receive the Student Grant, while 48% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,873. 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. 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 44% of the applicants to Valley College of Medical Careers opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

85%

State Grant Aid

9%

Institution Grant Aid

N/A

Pell Grant

85%

Average Aid Awarded

Federal Grant Aid

$5,532

State Grant Aid

$3,850

Institution Grant Aid

N/A

Pell Grant

$5,311

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,667

$30,001 - $48,000

$4,678

$48,001 - $75,000

$4,141

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Valley College of Medical Careers

Average Loan Amount Average Loan Amount received per year.

$8,023/Year

Students Taking Out Loans

85%

Loan Default Rate

16.8%

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