$4,592

Avg. Federal Grant

N/A

Avg. Federal Loan

$27,448,349

Total Aid Awarded

Merced College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$27.448M

Financial Aid Official Website

www.mccd.edu/resources/financialaid/

Notably, around 84% of the students at Merced College receive some kind of financial aid every year, official data shows. One can visit MC's financial aid page at http://www.mccd.edu/resources/financialaid/ for more information. Notably, a total of 63% of the applicants to Merced College receive the Federal Grant every year. In comparison, 83% of the students get the Student Grant, and 63% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,807, while the same comes to $2,424 for State Grant receivers and $700 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,091. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

79%

Institution Grant Aid

N/A

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$4,592

State Grant Aid

$2,267

Institution Grant Aid

N/A

Pell Grant

$4,575

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,503

$30,001 - $48,000

$7,281

$48,001 - $75,000

$5,112

$75,001 - $110,000

$3,368

Over $110,000

N/A

Other Colleges In California

Academy of Art University
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San Francisco, California

Harvey Mudd College
Harvey Mudd College

Claremont, California

Other Colleges In Merced