$3,999

Avg. Federal Grant

N/A

Avg. Federal Loan

$2,801,931

Total Aid Awarded

Mayland Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$2.802M

Financial Aid Official Website

www.mayland.edu/financial-aid

As many as 73% of the students at MCC receive some kind of financial aid, shows the latest data. More information regarding the financial assistance schemes can be accessed on MCC’s official financial aid page at http://www.mayland.edu/financial-aid. At MCC, the total percentage of applicants who receive the Federal Grant stands at 63%. On the other hand, 73% of the candidates get the Student Grant, 25% receive the Institution Grant, and 63% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,260, while the same comes to $1,017 for State Grant receivers and $1,165 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,105. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

86%

State Grant Aid

14%

Institution Grant Aid

7%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$3,999

State Grant Aid

$1,068

Institution Grant Aid

$1,343

Pell Grant

$6,009

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,768

$30,001 - $48,000

$6,362

$48,001 - $75,000

$5,095

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Mayland Community College

Average Loan Amount Average Loan Amount received per year.

N/A

Students Taking Out Loans

N/A

Loan Default Rate

21%

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