Madison Area Technical College Financial Aid and Scholarships
Students Receiving Aid
38%
Total Aid Amount
$17.248M
Financial Aid Official Website
madisoncollege.edu/financial-aid
As many as 58% of the students at MATC get some sort of financial aid, and the total amount of assistance/loans provided is more than $20,093,804 in a year. More information regarding the financial assistance schemes can be accessed on MATC’s official financial aid page at http://madisoncollege.edu/financial-aid. Notably, a total of 35% of the applicants to Madison Area Technical College receive the Federal Grant every year. In comparison, 44% of the students are awarded the Student Grant, 18% get the Institution Grant, and 35% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,490, while the same comes to $1,035 for State Grant receivers and $1,517 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,509. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 30% of the applicants to Madison Area Technical College opt for student loans.
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