$5,459

Avg. Federal Grant

$5,393

Avg. Federal Loan

$646,771

Total Aid Awarded

Magnolia College of Cosmetology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$646.771K

Financial Aid Official Website

www.mcocjackson.com

It is interesting to note that, every year, around 91% of students at MCC receive some kind of financial aid, while the total amount of assistance/loans provided is $751,838. At MCC, the total percentage of applicants who receive the Federal Grant stands at 79%. In comparison, 79% of the students get the Student Grant, and 79% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,024. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 71% of the applicants to Magnolia College of Cosmetology opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

68%

Average Aid Awarded

Federal Grant Aid

$5,459

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,459

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,920

$30,001 - $48,000

$5,070

$48,001 - $75,000

$5,770

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Magnolia College of Cosmetology

Average Loan Amount Average Loan Amount received per year.

$5,393/Year

Students Taking Out Loans

82%

Loan Default Rate

16.8%

Other Colleges In Mississippi

Located in Holly Springs, MS, Rust College is a private, United Methodist university. It was in 1866 when the Rust College was founded. The motto of Rust College is By Their Fruits Ye Shall Know Them. This defines the north star being chased by both the students and the administrators. Across all

Holly Springs, Mississippi 4 years Private Not-For-Profit

#N/A

Raymond, Mississippi 2 years Public

Mississippi Delta Community College is a public university located in Moorhead, MS. It was in 1927 when the Mississippi Delta Community College was founded. Red and gray are the official colors of the Mississippi Delta Community College. Taking into account all the courses offered at Mississippi

Moorhead, Mississippi 2 years Public

Other Colleges In Jackson

Located in Jackson, Mississippi, Academy of Hair Design-Jackson is a private university. Taking into account all the courses offered at Academy of Hair Design-Jackson, the total enrolment stands at 62. To teach various courses to the students, the school has employed a total of 4 faculty. There a

Jackson, Mississippi 2 years Private For-Profit

#N/A

Jackson, Mississippi 4 years Private Not-For-Profit

Jackson State University, which is located in Jackson, MS is a public university. In 1877, Jackson State University was founded. Keeping the pursuit of research, innovation, and excellence at the center, Jackson State University has been imparting quality education to its students. The motto of the

Jackson, Mississippi 4 years Public

Other Private for-profit Colleges

 

  • The student-faculty ratio of the university is 18:1.

  • The retention rate for full-time courses is 38% and for part-time, it is 21%.

The university provides 24/7 access to the classes via the

Chandler, Illinois 4 years Private For-Profit

The mission is to deliver high quality, relevant education and to offer exceptional flexibility, accessibility, and affordability to deserving, working adults trying to better their lives.

Grantham University offers a choice of 50+ degree and certificate programs along wi

Lenexa, Kansas 4 years Private For-Profit


Online Education at DeVry University

For adults who are unable to pursue their higher education due to various responsibilities and jobs, the university provides various online courses to excel at various levels such as Associate, Undergraduate, and Bachelor’s degree

Chicago, Illinois 4 years Private For-Profit