by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
What amount of IHCC financial assistance will actually be available to you?Get answers to your questions here.
Inver Hills Community College average financial aid offer for freshmen students is $4,646.00. About 89% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Inver Hills Community College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The stats below refer to aid that is provided by Inver Hills Community College.
5% of new students (17 total) were offered scholarships at Inver Hills Community College, averaging $2,367.00 per person. This puts it in the bottom 50th percentile among colleges and universities nationwide.
As well as scholarships, 81% of first-year students (259 total) got a federal grant, for about $2,546.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.42% | $6,058.00 |
| Income 30k-48k | 13.17% | $5,839.00 |
| Income 48k-75k | 12.85% | $3,561.00 |
| Income 75k-110k | 2.19% | $669.00 |
| Income 110k + | 0.94% | $65.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
266 IHCC undergrads obtain grant aid (this is about 89% of the entire undergraduate student population). The average amount these students receive is $4,646.00.The majority of which come in the form 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.