by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
What financial aid options does Independence Community College offer, and what will you qualify for? Keep scrolling for answers.
Independence Community College average financial aid offer for freshmen students is $4,377.00. 96% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Independence Community College you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
76% of incoming freshmen (156 total) were given scholarships at Independence Community College, averaging $2,531.00 per student. This puts it in the bottom 50th percentile among colleges and universities nationwide.
In addition to scholarships, 70% of first-year students (145 total) got federal grant aid, averaging $5,481.00 per person.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.62% | $6,002.00 |
| Income 30k-48k | 3.40% | $7,099.00 |
| Income 48k-75k | 3.40% | $2,736.00 |
| Income 75k-110k | 1.46% | $1,976.00 |
| Income 110k + | 0.97% | $2,107.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
96% of the 206 undergraduates at Independence Community College receive some sort of grant aid. This is a total of about 196 students getting an average of $4,377.00 per person.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.