$1,020

Avg. Federal Grant

$1,620

Avg. Federal Loan

$567,938

Total Aid Awarded

Medical Career & Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$567.938K

Financial Aid Official Website

www.medicalcareerandtechnicalcollege.edu

It is interesting to note that almost every student at MCTC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $542,932. Notably, a total of 59% of the applicants to Medical Career & Technical College receive the Federal Grant every year. On the other hand, 70% of the candidates get the Student Grant, while 59% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,004. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 MCTC, an estimated number of 76% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

29%

Institution Grant Aid

N/A

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$1,020

State Grant Aid

$4,350

Institution Grant Aid

N/A

Pell Grant

$1,020

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$1,540

$30,001 - $48,000

$1,100

$48,001 - $75,000

$1,000

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Medical Career & Technical College

Average Loan Amount Average Loan Amount received per year.

$1,815/Year

Students Taking Out Loans

72%

Loan Default Rate

N/A

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