$5,241

Avg. Federal Grant

$3,640

Avg. Federal Loan

$4,934,102

Total Aid Awarded

College of Marin Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

31%

Total Aid Amount Average Total Aid Awarded per year.

$4.934M

Financial Aid Official Website

www.marin.edu/financial_aid/index.htm

It is interesting to note that, every year, around 60% of students at CM receive some kind of financial aid, while the total amount of assistance/loans provided is $352,438. For additional information about financial assistance schemes, one can head over to CM’s financial aid page at http://www.marin.edu/financial_aid/index.htm. Notably, a total of 34% of the applicants to College of Marin receive the Federal Grant every year. On the other hand, 60% of the candidates get the Student Grant, 9% receive the Institution Grant, and 34% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,964, the State Grant receivers and Institution Grant beneficiaries get $1,984 and $1,099, respectively. And, for the Pell Grant awardees, the average aid amount is $3,716. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

51%

Institution Grant Aid

N/A

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$5,241

State Grant Aid

$2,158

Institution Grant Aid

N/A

Pell Grant

$4,902

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,225

$30,001 - $48,000

$6,646

$48,001 - $75,000

$4,222

$75,001 - $110,000

$1,495

Over $110,000

N/A

Student Loans for College of Marin

Average Loan Amount Average Loan Amount received per year.

$3,640/Year

Students Taking Out Loans

1%

Loan Default Rate

21.2%

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