$3,440

Avg. Federal Grant

$5,653

Avg. Federal Loan

$49,723

Total Aid Awarded

College of Massage Therapy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

37%

Total Aid Amount Average Total Aid Awarded per year.

$49.723K

Financial Aid Official Website

www.collegemassagetherapy.com

As many as 83% of the students at CMT get some sort of financial aid, and the total amount of assistance/loans provided is more than $53,249 in a year. The total percentage of candidates applying to College of Massage Therapy who receive the Federal Grant is 70%. Meanwhile, 70% of the applicants receive the Student Grant, while 70% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $1,973. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At CMT, an estimated number of 83% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

5%

Institution Grant Aid

N/A

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$3,440

State Grant Aid

$5,000

Institution Grant Aid

N/A

Pell Grant

$3,440

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,792

$30,001 - $48,000

$3,354

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for College of Massage Therapy

Average Loan Amount Average Loan Amount received per year.

$5,653/Year

Students Taking Out Loans

59%

Loan Default Rate

10.9%

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