$4,750

Avg. Federal Grant

$8,058

Avg. Federal Loan

$9,667,884

Total Aid Awarded

MacMurray College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$9.668M

Financial Aid Official Website

www.mac.edu/financialaid/index.asp

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 $3,032,131. Notably, a total of 66% of the applicants to MacMurray College receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 66% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,031, the State Grant receivers and Institution Grant beneficiaries get $4,227 and $16,954, respectively. And, for the Pell Grant awardees, the average aid amount is $4,432. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 100% of the applicants to MacMurray College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

38%

Institution Grant Aid

97%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,750

State Grant Aid

$4,500

Institution Grant Aid

$15,706

Pell Grant

$4,460

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,883

$30,001 - $48,000

$21,883

$48,001 - $75,000

$21,883

$75,001 - $110,000

$21,883

Over $110,000

$21,883

Student Loans for MacMurray College

Average Loan Amount Average Loan Amount received per year.

$8,407/Year

Students Taking Out Loans

92%

Loan Default Rate

9.7%

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