$5,292

Avg. Federal Grant

$6,025

Avg. Federal Loan

$9,733,972

Total Aid Awarded

Central Maine Community College (CMCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$9.734M

Financial Aid Official Website

https://www.cmcc.edu/admissions-aid/paying-for-college/applying-for-financial-aid/

Students can avail of scholarships provided by the college, such as Maine Public Relations Council Scholarship, Maine State Society of Washington D.C. Scholarship, Maine Student Grant, and Maine Veterans Dependent Educational Benefits, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 88% of students at CMCC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,915,098. For additional information about financial assistance schemes, one can head over to CMCC’s financial aid page at https://www.cmcc.edu/admissions-aid/paying-for-college/applying-for-financial-aid/. Notably, a total of 65% of the applicants to Central Maine Community College receive the Federal Grant every year. Meanwhile, 78% of the applicants receive the Student Grant and 45% are awarded the Institution Grant, while 65% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,569, and the same stands at $1,418 for State Grant awardees and $1,907 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,366. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CMCC, an estimated number of 42% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

41%

Institution Grant Aid

34%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$5,292

State Grant Aid

$1,263

Institution Grant Aid

$1,577

Pell Grant

$5,153

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,030

$30,001 - $48,000

$6,181

$48,001 - $75,000

$3,448

$75,001 - $110,000

$1,295

Over $110,000

$152

Student Loans for Central Maine Community College (CMCC)

Average Loan Amount Average Loan Amount received per year.

$6,076/Year

Students Taking Out Loans

47%

Loan Default Rate

17.3%