$4,940

Avg. Federal Grant

$5,825

Avg. Federal Loan

$25,313,373

Total Aid Awarded

Medaille College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$25.313M

Financial Aid Official Website

www.medaille.edu/admissions/financial-aid

As many as 99% of the students at MC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,788,633 in a year. More information regarding the financial assistance schemes can be accessed on MC’s official financial aid page at http://www.medaille.edu/admissions/financial-aid. The total percentage of candidates applying to Medaille College who receive the Federal Grant is 69%. On the other hand, 99% of the candidates get the Student Grant, 82% receive the Institution Grant, and 68% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,811, the State Grant receivers and Institution Grant beneficiaries get $8,894 and $16,944, respectively. And, for the Pell Grant awardees, the average aid amount is $4,321. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $26,111 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $25,526 and $22,326, respectively. Those with an annual income level of $75,001-$110,000 would receive $19,014, while candidates with more than $110,000 of family income receive an average federal aid of $19,039. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At Medaille College, the percentage of candidates who opt to avail of student loans is around 75%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

67%

Institution Grant Aid

85%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$4,940

State Grant Aid

$8,962

Institution Grant Aid

$16,532

Pell Grant

$4,303

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,213

$30,001 - $48,000

$23,618

$48,001 - $75,000

$24,163

$75,001 - $110,000

$21,423

Over $110,000

$21,038

Student Loans for Medaille College

Average Loan Amount Average Loan Amount received per year.

$6,158/Year

Students Taking Out Loans

70%

Loan Default Rate

11.4%

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