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.
Uncover the various financial aid options provided by IVCC and determine which ones you may be eligible for by continuing your exploration.
Illinois Valley Community College average financial aid offer for freshmen students is $6,059.00. A significant 60% of freshmen benefit from financial aid, with the main type being grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Illinois Valley Community College.
As well as scholarships, 45% of freshmen (185 total) obtained a federal grant, for about $5,851.00 a piece.
The following scholarships and grants are made up of mainly federally provided grants, plus some state and local grants.
45% of first years at Illinois Valley Community College (185 total) were awarded a federal grant, averaging $5,851.00.
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 | 20.00% | $7,452.00 |
| Income 30k-48k | 11.95% | $6,825.00 |
| Income 48k-75k | 12.44% | $3,715.00 |
| Income 75k-110k | 0.98% | $495.00 |
| Income 110k + | 0.49% | $1,077.00 |
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.
60% of the 410 undergraduates at Illinois Valley Community College receive some sort of grant aid. This is a total of about 196 students getting an average of $6,059.00 per person.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
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