$4,455

Avg. Federal Grant

N/A

Avg. Federal Loan

$1,852,553

Total Aid Awarded

McDowell Technical Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$1.853M

Financial Aid Official Website

https://www.mcdowelltech.edu/apps/pages/index.jsp?uREC_ID=1022348&type=d&pREC_ID=1328345

As many as 81% of the students at MTCC receive some kind of financial aid, shows the latest data. For additional information about financial assistance schemes, one can head over to MTCC’s financial aid page at https://www.mcdowelltech.edu/apps/pages/index.jsp?uREC_ID=1022348&type=d&pREC_ID=1328345. Notably, a total of 73% of the applicants to McDowell Technical Community College receive the Federal Grant every year. Meanwhile, 80% of the applicants receive the Student Grant and 2% are awarded the Institution Grant, while 73% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,956. 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. 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. 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

65%

State Grant Aid

39%

Institution Grant Aid

5%

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$4,455

State Grant Aid

$1,483

Institution Grant Aid

$1,494

Pell Grant

$4,393

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,238

$30,001 - $48,000

$6,752

$48,001 - $75,000

$4,202

$75,001 - $110,000

$2,512

Over $110,000

N/A

Student Loans for McDowell Technical Community College

Average Loan Amount Average Loan Amount received per year.

N/A

Students Taking Out Loans

N/A

Loan Default Rate

27.6%

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