by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Curious about the financial aid opportunities at North Iowa Area Community College and what you may be eligible for? Explore the answers here.
North Iowa Area Community College average financial aid offer for freshmen students is $5,037.00. A significant 96% of freshmen benefit from financial aid, with the main type being 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.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at North Iowa Area 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 following numbers pertain to assistance that is supplied by North Iowa Area Community College.
67% of incoming freshmen (405 total) were given scholarships at North Iowa Area Community College, averaging $2,799.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 83% of freshmen (505 total) obtained a federal grant, for about $2,960.00 a piece.
Amount of Financial Assistance Per Income Level
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.64% | $7,558.00 |
| Income 30k-48k | 11.51% | $7,977.00 |
| Income 48k-75k | 12.66% | $5,283.00 |
| Income 75k-110k | 10.20% | $3,024.00 |
| Income 110k + | 1.64% | $229.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
568 North Iowa Area Community College undergrads obtain grant aid (this is about 96% of the entire undergraduate student population). The average amount these students receive is $5,037.00.
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.