$4,391

Avg. Federal Grant

$5,235

Avg. Federal Loan

$3,809,881

Total Aid Awarded

Manchester Community College (MCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

37%

Total Aid Amount Average Total Aid Awarded per year.

$3.810M

Financial Aid Official Website

www.mccnh.edu/admissions/financial-aid

As many as 75% of the students at MCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,228,668 in a year. More information regarding the financial assistance schemes can be accessed on MCC’s official financial aid page at http://www.mccnh.edu/admissions/financial-aid. At MCC, the total percentage of applicants who receive the Federal Grant stands at 40%. In comparison, 44% of the students are awarded the Student Grant, 4% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,836, the State Grant receivers and Institution Grant beneficiaries get $1,253 and $621, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,374. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 63% of the applicants to Manchester Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

22%

Institution Grant Aid

1%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,391

State Grant Aid

$822

Institution Grant Aid

$330

Pell Grant

$4,291

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,997

$30,001 - $48,000

$77

$48,001 - $75,000

$39

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Manchester Community College (MCC)

Average Loan Amount Average Loan Amount received per year.

$5,347/Year

Students Taking Out Loans

55%

Loan Default Rate

10.8%

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