$4,951

Avg. Federal Grant

$3,314

Avg. Federal Loan

$35,807,567

Total Aid Awarded

Medgar Evers College (CUNY, MEC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$35.808M

Financial Aid Official Website

https://ares.mec.cuny.edu/admissions/registrars-office/

Students can avail of scholarships provided by the college, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence, if they find educational expenses to be on the higher side. As many as 89% of the students at CMEC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,378,990 in a year. One can visit CMEC's financial aid page at https://ares.mec.cuny.edu/admissions/registrars-office/ for more information. Notably, a total of 78% of the applicants to CUNY Medgar Evers College receive the Federal Grant every year. Meanwhile, 87% of the applicants receive the Student Grant and 25% are awarded the Institution Grant, while 78% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,867, and the same stands at $4,544 for State Grant awardees and $319 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,844. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 8% of the applicants to CUNY Medgar Evers College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

82%

State Grant Aid

78%

Institution Grant Aid

N/A

Pell Grant

82%

Average Aid Awarded

Federal Grant Aid

$4,951

State Grant Aid

$4,454

Institution Grant Aid

$100

Pell Grant

$4,732

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,973

$30,001 - $48,000

$8,408

$48,001 - $75,000

$4,639

$75,001 - $110,000

$1,527

Over $110,000

$165

Student Loans for Medgar Evers College (CUNY, MEC)

Average Loan Amount Average Loan Amount received per year.

$3,314/Year

Students Taking Out Loans

6%

Loan Default Rate

10.9%

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