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.
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 Northark.
$4,646.00 is the typical North Arkansas College’s first year financial aid package. About 93% of first year students receive financial aid, most of which is in the form of 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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at North Arkansas College.
In addition to scholarships, 68% of first years (237 total) were awarded federal grant aid, averaging $5,078.00 each.
The stats and the chart below refer to mainly grants from federal sources, and some local and state grants.
68% of first-year students at North Arkansas College (237 total) got a federal grant, averaging $5,078.00.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 33.33% | $6,474.00 |
| Income 30k-48k | 13.68% | $4,690.00 |
| Income 48k-75k | 11.40% | $3,917.00 |
| Income 75k-110k | 1.99% | $1,780.00 |
| Income 110k + | 0.85% | $1,282.00 |
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.
93% of the 351 undergraduates at North Arkansas College receive some sort of grant aid. This is a total of about 325 students getting an average of $4,646.00 per person.The bulk of which are 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.