$4,467

Avg. Federal Grant

$4,274

Avg. Federal Loan

$3,308,682

Total Aid Awarded

Marshalltown Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

35%

Total Aid Amount Average Total Aid Awarded per year.

$3.309M

Financial Aid Official Website

https://mcc.iavalley.edu/admissions/financial-aid/

As many as 83% of the students at MCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,779,640 in a year. The total percentage of candidates applying to Marshalltown Community College who receive the Federal Grant is 38%. On the other hand, 77% of the candidates get the Student Grant, 56% receive the Institution Grant, and 38% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,456, and the same stands at $1,883 for State Grant awardees and $2,413 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,995. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 35% of the applicants to Marshalltown Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

41%

State Grant Aid

9%

Institution Grant Aid

54%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$4,467

State Grant Aid

$1,669

Institution Grant Aid

$2,308

Pell Grant

$4,258

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,851

$30,001 - $48,000

$6,174

$48,001 - $75,000

$2,845

$75,001 - $110,000

$1,281

Over $110,000

$771

Student Loans for Marshalltown Community College

Average Loan Amount Average Loan Amount received per year.

$4,416/Year

Students Taking Out Loans

36%

Loan Default Rate

14.8%

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