$770

Avg. Federal Grant

$9,500

Avg. Federal Loan

$182,717

Total Aid Awarded

FINE Mortuary College (FMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

45%

Total Aid Amount Average Total Aid Awarded per year.

$182.717K

Financial Aid Official Website

www.fmc.edu

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $194,307. The total percentage of candidates applying to FINE Mortuary College who receive the Federal Grant is 100%. On the other hand, 100% of the candidates get the Student Grant, while 100% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,708. 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 FMC, an estimated number of 50% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$770

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$770

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$770

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for FINE Mortuary College (FMC)

Average Loan Amount Average Loan Amount received per year.

$9,500/Year

Students Taking Out Loans

33%

Loan Default Rate

13.8%

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