$7,614

Avg. Federal Grant

N/A

Avg. Federal Loan

$11,474,552

Total Aid Awarded

Vance-Granville Community College (VGCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

54%

Total Aid Amount Average Total Aid Awarded per year.

$11.475M

Financial Aid Official Website

www.vgcc.edu/fao

As many as 76% of the students at VGCC receive some kind of financial aid, shows the latest data. One can visit VGCC's financial aid page at http://www.vgcc.edu/fao for more information. At VGCC, the total percentage of applicants who receive the Federal Grant stands at 53%. Meanwhile, 74% of the applicants receive the Student Grant and 32% are awarded the Institution Grant, while 53% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,302, and the same stands at $1,917 for State Grant awardees and $866 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $7,242. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 2% of the applicants to Vance-Granville Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

18%

Institution Grant Aid

16%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$7,614

State Grant Aid

$1,708

Institution Grant Aid

$870

Pell Grant

$7,589

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,405

$30,001 - $48,000

$7,627

$48,001 - $75,000

$6,423

$75,001 - $110,000

$3,140

Over $110,000

N/A

Student Loans for Vance-Granville Community College (VGCC)

Average Loan Amount Average Loan Amount received per year.

$2,000/Year

Students Taking Out Loans

1%

Loan Default Rate

12.7%

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