$3,574

Avg. Federal Grant

$3,490

Avg. Federal Loan

$21,025,470

Total Aid Awarded

Macomb Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

24%

Total Aid Amount Average Total Aid Awarded per year.

$21.025M

Financial Aid Official Website

www.macomb.edu

Such schemes include Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship. Notably, 57% of the students at Macomb Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,076,806. For additional information about financial assistance schemes, one can head over to MCC’s financial aid page at http://www.macomb.edu. Notably, a total of 57% of the applicants to Macomb Community College receive the Federal Grant every year. On the other hand, 57% of the candidates get the Student Grant, 12% receive the Institution Grant, and 40% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $3,333, while the same comes to $2,340 for State Grant receivers and $1,302 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,610. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 14% of the applicants to Macomb Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

7%

Institution Grant Aid

6%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$3,574

State Grant Aid

$2,103

Institution Grant Aid

$2,543

Pell Grant

$4,880

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,527

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Macomb Community College

Average Loan Amount Average Loan Amount received per year.

$3,575/Year

Students Taking Out Loans

7%

Loan Default Rate

14.1%