$4,626

Avg. Federal Grant

$5,769

Avg. Federal Loan

$35,173,704

Total Aid Awarded

Meredith College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$35.174M

Financial Aid Official Website

www.meredith.edu/financial-assistance

Interestingly, almost all of the students at MC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $6,789,029 in a year. One can visit MC's financial aid page at http://www.meredith.edu/financial-assistance for more information. Notably, a total of 36% of the applicants to Meredith College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 98% receive the Institution Grant, and 35% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,974, and the same stands at $5,425 for State Grant awardees and $18,235 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,840. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,309 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $25,378 and $25,232, respectively. Those with an annual income level of $75,001-$110,000 would receive $20,567, while candidates with more than $110,000 of family income receive an average federal aid of $17,817. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Meredith College, the percentage of candidates who opt to avail of student loans is around 63%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

49%

Institution Grant Aid

99%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$4,626

State Grant Aid

$4,885

Institution Grant Aid

$18,235

Pell Grant

$4,599

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$27,520

$30,001 - $48,000

$26,150

$48,001 - $75,000

$22,919

$75,001 - $110,000

$21,441

Over $110,000

$18,744

Student Loans for Meredith College

Average Loan Amount Average Loan Amount received per year.

$7,418/Year

Students Taking Out Loans

64%

Loan Default Rate

4.8%

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