Marshalltown Community College Financial Aid and Scholarships
Students Receiving Aid
35%
Total Aid Amount
$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.