$4,862

Avg. Federal Grant

$5,938

Avg. Federal Loan

$14,885,470

Total Aid Awarded

Los Medanos College (LMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

54%

Total Aid Amount Average Total Aid Awarded per year.

$14.885M

Financial Aid Official Website

www.losmedanos.edu/financialaid/

As many as 74% of the students at LMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $751,057 in a year. More information regarding the financial assistance schemes can be accessed on LMC’s official financial aid page at http://www.losmedanos.edu/financialaid/. Notably, a total of 38% of the applicants to Los Medanos College receive the Federal Grant every year. In comparison, 71% of the students get the Student Grant, and 38% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,798. 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 1% of the applicants to Los Medanos College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

56%

Institution Grant Aid

N/A

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,862

State Grant Aid

$1,694

Institution Grant Aid

$5,000

Pell Grant

$4,818

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,203

$30,001 - $48,000

$7,318

$48,001 - $75,000

$4,264

$75,001 - $110,000

$3,702

Over $110,000

N/A

Student Loans for Los Medanos College (LMC)

Average Loan Amount Average Loan Amount received per year.

$5,938/Year

Students Taking Out Loans

1%

Loan Default Rate

12.3%

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