$4,531

Avg. Federal Grant

$4,918

Avg. Federal Loan

$7,325,707

Total Aid Awarded

Eastern Maine Community College (EMCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$7.326M

Financial Aid Official Website

N/A

Among them are scholarship programs such as Governor Longley Scholarship, Hope Milliken McNally Scholarship, Maine Public Relations Council Scholarship, and Maine State Society of Washington D.C. Scholarship. It is interesting to note that, every year, around 95% of students at EMCC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,449,782. At EMCC, the total percentage of applicants who receive the Federal Grant stands at 62%. On the other hand, 80% of the candidates get the Student Grant, 41% receive the Institution Grant, and 62% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,381, the State Grant receivers and Institution Grant beneficiaries get $1,370 and $1,182, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,156. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Eastern Maine Community College, the percentage of candidates who opt to avail of student loans is around 57%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

41%

Institution Grant Aid

34%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,531

State Grant Aid

$1,480

Institution Grant Aid

$1,292

Pell Grant

$4,475

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,595

$30,001 - $48,000

$6,230

$48,001 - $75,000

$2,510

$75,001 - $110,000

$737

Over $110,000

$452

Student Loans for Eastern Maine Community College (EMCC)

Average Loan Amount Average Loan Amount received per year.

$5,054/Year

Students Taking Out Loans

49%

Loan Default Rate

17.2%

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