$4,290

Avg. Federal Grant

$3,449

Avg. Federal Loan

$35,206,687

Total Aid Awarded

Georgia Military College (GMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$35.207M

Financial Aid Official Website

www.gmc.edu/prospective-students/introduction-to-financial-aid.cms

Students can avail of scholarships provided by the college, such as Constance L. Lloyd/ACMPE Scholarship, Georgia Public Safety Memorial Grant, HERO Scholarship Program (Helping Educate Reservists and their Offspring), and HOPE & PROMISE Teacher Scholarship Loans, if they find educational expenses to be on the higher side. Notably, 92% of the students at Georgia Military College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,453,860. Notably, a total of 61% of the applicants to Georgia Military College receive the Federal Grant every year. In comparison, 91% of the students are awarded the Student Grant, 15% get the Institution Grant, and 61% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,308, and the same stands at $2,488 for State Grant awardees and $4,297 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,557. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At GMC, an estimated number of 50% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

76%

Institution Grant Aid

13%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,290

State Grant Aid

$2,333

Institution Grant Aid

$4,466

Pell Grant

$4,099

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,642

$30,001 - $48,000

$2,549

$48,001 - $75,000

$1,550

$75,001 - $110,000

$148

Over $110,000

N/A

Student Loans for Georgia Military College (GMC)

Average Loan Amount Average Loan Amount received per year.

$3,493/Year

Students Taking Out Loans

50%

Loan Default Rate

18.8%

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