by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What amount of Germanna Community College financial assistance will actually be available to you?Get answers to your questions here.
$5,139.00 is the typical Germanna Community College’s first year financial aid package. Approximately 61% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Germanna Community College.
As well as scholarships, 41% of freshmen (323 total) received a federal grant, for about $5,017.00 a person.
The following scholarships and grants are composed of primarily federal grants, and some local and state grants.
41% of first-year students at Germanna Community College (323 total) obtained a federal grant, averaging $5,017.00.
Amount of Financial Assistance Per Income Level
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 | 21.22% | $6,300.00 |
| Income 30k-48k | 9.91% | $5,549.00 |
| Income 48k-75k | 7.75% | $3,437.00 |
| Income 75k-110k | 1.27% | $1,135.00 |
| Income 110k + | 0.76% | $154.00 |
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.
381 Germanna Community College undergrads obtain grant aid (this is about 61% of the entire undergraduate student population). The average amount these students receive is $5,139.00.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.