Madisonville Community College (MCC) Financial Aid and Scholarships
Students Receiving Aid
68%
Total Aid Amount
$7.323M
Financial Aid Official Website
https://madisonville.kctcs.edu/affording-college/
Such schemes include Educational Foundation of the KYCPA Scholarships and Mary Jo Young Dual Credit Scholarship. Notably, 97% of the students at Madisonville Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,417,942. Notably, a total of 60% of the applicants to Madisonville Community College receive the Federal Grant every year. On the other hand, 95% of the candidates get the Student Grant, 34% receive the Institution Grant, and 60% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,601, while the same comes to $2,344 for State Grant receivers and $1,607 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,683. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At MCC, an estimated number of 17% of the applicants choose to go for student loans.
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