$3,111

Avg. Federal Grant

$4,523

Avg. Federal Loan

$885,616

Total Aid Awarded

MacCormac College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$885.616K

Financial Aid Official Website

www.maccormac.edu

Notably, 87% of the students at MacCormac College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,092,772. One can visit MC's financial aid page at http://www.maccormac.edu for more information. At MC, the total percentage of applicants who receive the Federal Grant stands at 83%. In comparison, 87% of the students are awarded the Student Grant, 3% get the Institution Grant, and 83% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,638. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $3,172 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $1,372 and $1,813, respectively. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 83% of the applicants to MacCormac College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

83%

State Grant Aid

44%

Institution Grant Aid

31%

Pell Grant

83%

Average Aid Awarded

Federal Grant Aid

$3,111

State Grant Aid

$2,409

Institution Grant Aid

$2,142

Pell Grant

$2,919

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,389

$30,001 - $48,000

$6,065

$48,001 - $75,000

$4,525

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for MacCormac College

Average Loan Amount Average Loan Amount received per year.

$4,523/Year

Students Taking Out Loans

61%

Loan Default Rate

16.5%

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