$3,973

Avg. Federal Grant

$4,044

Avg. Federal Loan

$5,918,378

Total Aid Awarded

Colorado Mountain College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

21%

Total Aid Amount Average Total Aid Awarded per year.

$5.918M

Financial Aid Official Website

coloradomtn.edu/financial-aid/

Students can avail of scholarships provided by the college, such as Boettcher Foundation Scholarship and Colorado Ski Authority Annual Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 68% of students at CMC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,298,370. The total percentage of candidates applying to Colorado Mountain College who receive the Federal Grant is 30%. On the other hand, 44% of the candidates get the Student Grant, 15% receive the Institution Grant, and 30% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,344, the State Grant receivers and Institution Grant beneficiaries get $2,381 and $1,860, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,893. 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. 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. Every year, around 37% of the applicants to Colorado Mountain College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

30%

Institution Grant Aid

15%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$3,973

State Grant Aid

$1,762

Institution Grant Aid

$2,128

Pell Grant

$3,853

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,676

$30,001 - $48,000

$5,725

$48,001 - $75,000

$3,785

$75,001 - $110,000

$1,370

Over $110,000

$402

Student Loans for Colorado Mountain College

Average Loan Amount Average Loan Amount received per year.

$4,674/Year

Students Taking Out Loans

36%

Loan Default Rate

12.1%

Other Colleges In Colorado

Other Public Colleges

University of Maryland (UMD)
University of Maryland (UMD)

College Park, Maryland

East Carolina University (ECU)
East Carolina University (ECU)

Greenville, North Carolina