$5,227

Avg. Federal Grant

$4,240

Avg. Federal Loan

$26,752,383

Total Aid Awarded

Wayne County Community College District Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

48%

Total Aid Amount Average Total Aid Awarded per year.

$26.752M

Financial Aid Official Website

www.wcccd.edu/dept/financialaid.htm

Notably, 77% of the students at Wayne County Community College District get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,855,498. At WCCCD, the total percentage of applicants who receive the Federal Grant stands at 74%. In comparison, 77% of the students are awarded the Student Grant, 1% get the Institution Grant, and 74% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,502, the State Grant receivers and Institution Grant beneficiaries get $2,752 and $2,491, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,760. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 WCCCD, an estimated number of 23% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

77%

State Grant Aid

12%

Institution Grant Aid

1%

Pell Grant

77%

Average Aid Awarded

Federal Grant Aid

$5,227

State Grant Aid

$2,613

Institution Grant Aid

$1,485

Pell Grant

$5,180

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,858

$30,001 - $48,000

$4,594

$48,001 - $75,000

$2,255

$75,001 - $110,000

$974

Over $110,000

N/A

Student Loans for Wayne County Community College District

Average Loan Amount Average Loan Amount received per year.

$4,240/Year

Students Taking Out Loans

25%

Loan Default Rate

24.1%

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