$5,128

Avg. Federal Grant

$5,495

Avg. Federal Loan

$16,304,851

Total Aid Awarded

Martin Methodist College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

98%

Total Aid Amount Average Total Aid Awarded per year.

$16.305M

Financial Aid Official Website

www.martinmethodist.edu/admissions/financial-aid/

Among them are scholarship programs such as Academic Scholarship, Art, Music and Drama Scholarship, Athletic Scholarship, and Chapter 105 - Memphis - Les Segar Memorial Scholarship. It is interesting to note that, every year, around 99% of students at MMC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,846,775. Notably, a total of 57% of the applicants to Martin Methodist College receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 56% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,964, the State Grant receivers and Institution Grant beneficiaries get $5,521 and $13,844, respectively. And, for the Pell Grant awardees, the average aid amount is $4,741. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At MMC, an estimated number of 69% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

69%

Institution Grant Aid

99%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$5,128

State Grant Aid

$5,723

Institution Grant Aid

$13,639

Pell Grant

$4,856

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,099

$30,001 - $48,000

$22,535

$48,001 - $75,000

$19,073

$75,001 - $110,000

$17,288

Over $110,000

$15,756

Student Loans for Martin Methodist College

Average Loan Amount Average Loan Amount received per year.

$5,788/Year

Students Taking Out Loans

62%

Loan Default Rate

15.1%

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