$4,649

Avg. Federal Grant

N/A

Avg. Federal Loan

$1,065,119

Total Aid Awarded

Bay Mills Community College (BMCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$1.065M

Financial Aid Official Website

www.bmcc.edu/admissions/financial-aid

Notably, around 92% of the students at Bay Mills Community College receive some kind of financial aid every year, official data shows. For additional information about financial assistance schemes, one can head over to BMCC’s financial aid page at http://www.bmcc.edu/admissions/financial-aid. The total percentage of candidates applying to Bay Mills Community College who receive the Federal Grant is 71%. On the other hand, 92% of the candidates get the Student Grant, 66% receive the Institution Grant, and 71% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,241, while the same comes to $799 for State Grant receivers and $2,160 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,517. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

85%

State Grant Aid

39%

Institution Grant Aid

59%

Pell Grant

85%

Average Aid Awarded

Federal Grant Aid

$4,649

State Grant Aid

$1,528

Institution Grant Aid

$2,489

Pell Grant

$4,538

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,296

$30,001 - $48,000

$6,908

$48,001 - $75,000

$4,555

$75,001 - $110,000

$6,470

Over $110,000

N/A

Student Loans for Bay Mills Community College (BMCC)

Average Loan Amount Average Loan Amount received per year.

$8,000/Year

Students Taking Out Loans

2%

Loan Default Rate

N/A

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