$5,792

Avg. Federal Grant

N/A

Avg. Federal Loan

$1,539,971

Total Aid Awarded

Machzikei Hadath Rabbinical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$1.540M

Financial Aid Official Website

https://mhrc.edu

Notably, almost all of the students at college get some kind of financial aid every year. More information regarding the financial assistance schemes can be accessed on MHRC’s official financial aid page at https://mhrc.edu. The total percentage of candidates applying to Machzikei Hadath Rabbinical College who receive the Federal Grant is 78%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 78% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,095, and the same stands at $4,644 for State Grant awardees and $2,433 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,978. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $10,841 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $11,200, while those falling in the $48,001-$75,000 income category get $11,200 a year. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

74%

Institution Grant Aid

83%

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$5,792

State Grant Aid

$4,786

Institution Grant Aid

$3,061

Pell Grant

$5,740

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,299

$30,001 - $48,000

$11,299

$48,001 - $75,000

$11,300

$75,001 - $110,000

N/A

Over $110,000

N/A

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