$5,505

Avg. Federal Grant

$7,876

Avg. Federal Loan

$403,701

Total Aid Awarded

Madison Media Institute Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$403.701K

Financial Aid Official Website

www.mediainstitute.edu

Madison Media Institute assists the student and their family in developing a payment plan to enable the student to complete their program. They provide various scholarships, grants, and loans to the students. For seeking financial aid the students must first complete the Free Application for Federal Student Aid (FAFSA). At Madison Media Institute 46 beginning undergraduate students (94% of total 49 enrolled freshmen) have received financial aid. Students do not repay scholarships and grants, but loans must be repaid plus interest and it is required from the students to maintain satisfactory academic progress.

 

 

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$5,505

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,386

Above is the breakdown of the different financial aid options that will teach the students about managing a budget and how it impacts them, and how to engage in financial planning.

As shown in the table the Federal Grant and Pell Grant aid percentage is reported to be 65% with an average age amount being $5,505 and $5,386.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,858

$30,001 - $48,000

$3,847

$48,001 - $75,000

$2,533

$75,001 - $110,000

N/A

Over $110,000

N/A

Madison media institute has breakdown the amount of aid which one would get based on their family income.

As illustrated above, the students get an aid of $5858 whose family income is under $30,000 and an aid of $2533 whose family income is between $48,001-$75,000. For more infomation refer the Official Website.

 

Student Loans for Madison Media Institute

Average Loan Amount Average Loan Amount received per year.

$9,135/Year

Students Taking Out Loans

84%

Loan Default Rate

N/A