$5,116

Avg. Federal Grant

N/A

Avg. Federal Loan

$1,050,474

Total Aid Awarded

Martin Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

28%

Total Aid Amount Average Total Aid Awarded per year.

$1.050M

Financial Aid Official Website

N/A

Such schemes include North Carolina Student Incentive Grant and Triangle Scholarship Program. Interestingly, almost all of the students at MCC receive some sort of financial aid. The total percentage of candidates applying to Martin Community College who receive the Federal Grant is 100%. Meanwhile, 100% of the applicants receive the Student Grant and 11% are awarded the Institution Grant, while 100% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,249, and the same stands at $1,021 for State Grant awardees and $500 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,914. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At MCC, an estimated number of 9% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

80%

State Grant Aid

43%

Institution Grant Aid

11%

Pell Grant

80%

Average Aid Awarded

Federal Grant Aid

$5,116

State Grant Aid

$851

Institution Grant Aid

$500

Pell Grant

$5,006

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,475

$30,001 - $48,000

$5,555

$48,001 - $75,000

$4,921

$75,001 - $110,000

N/A

Over $110,000

$1,102

Student Loans for Martin Community College

Average Loan Amount Average Loan Amount received per year.

$8,990/Year

Students Taking Out Loans

29%

Loan Default Rate

N/A

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