$4,734

Avg. Federal Grant

$7,628

Avg. Federal Loan

$1,900,024

Total Aid Awarded

MedQuest College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$1.900M

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 89% of students at MC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,788,915. The total percentage of candidates applying to MedQuest College who receive the Federal Grant is 77%. On the other hand, 84% of the candidates get the Student Grant, while 77% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,036. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MC, an estimated number of 80% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

81%

State Grant Aid

8%

Institution Grant Aid

1%

Pell Grant

81%

Average Aid Awarded

Federal Grant Aid

$4,734

State Grant Aid

$508

Institution Grant Aid

$1,000

Pell Grant

$4,734

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,754

$30,001 - $48,000

$4,260

$48,001 - $75,000

$2,405

$75,001 - $110,000

$994

Over $110,000

N/A

Student Loans for MedQuest College

Average Loan Amount Average Loan Amount received per year.

$7,627/Year

Students Taking Out Loans

86%

Loan Default Rate

17.1%

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