by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Wallace State, Hanceville.
Wallace State Community College, Hanceville average financial aid offer for freshmen students is $6,288.00. 80% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Wallace State Community College, Hanceville.
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 stats below refer to aid that is provided by Wallace State Community College, Hanceville.
26% of first-year students (250 total) were offered scholarships at Wallace State Community College, Hanceville, averaging $5,198.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 55% of freshmen (535 total) obtained a federal grant, for about $5,854.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 34.75% | $6,517.00 |
| Income 30k-48k | 11.38% | $5,193.00 |
| Income 48k-75k | 7.45% | $4,097.00 |
| Income 75k-110k | 0.72% | $2,234.00 |
| Income 110k + | 0.10% | $6,595.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 967 undergraduate students at Wallace State Community College, Hanceville around 80% (778 total) receive some form of grant aid. The typical amount awarded was $6,288.00.Most of them are distributed as 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.