$4,310

Avg. Federal Grant

$5,916

Avg. Federal Loan

$1,474,056

Total Aid Awarded

Vermilion Community College (VCFA) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

48%

Total Aid Amount Average Total Aid Awarded per year.

$1.474M

Financial Aid Official Website

www.vcc.edu/about-financial-aid/

As many as 92% of the students at VCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,691,778 in a year. Notably, a total of 56% of the applicants to Vermilion Community College receive the Federal Grant every year. On the other hand, 75% of the candidates get the Student Grant, 25% receive the Institution Grant, and 56% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,455, the State Grant receivers and Institution Grant beneficiaries get $1,720 and $180, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,159. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At VCC, an estimated number of 76% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

40%

Institution Grant Aid

22%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,310

State Grant Aid

$1,358

Institution Grant Aid

$181

Pell Grant

$4,023

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,819

$30,001 - $48,000

$5,343

$48,001 - $75,000

$3,360

$75,001 - $110,000

$1,151

Over $110,000

$64

Student Loans for Vermilion Community College (VCFA)

Average Loan Amount Average Loan Amount received per year.

$6,451/Year

Students Taking Out Loans

76%

Loan Default Rate

10%

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