$5,602

Avg. Federal Grant

$7,523

Avg. Federal Loan

$1,578,168

Total Aid Awarded

Meridian College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$1.578M

Financial Aid Official Website

www.meridian.edu/financial-aid/

As many as 97% of the students at MC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,810,262 in a year. At MC, the total percentage of applicants who receive the Federal Grant stands at 97%. Meanwhile, 97% of the applicants receive the Student Grant, while 97% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,303. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 MC, an estimated number of 97% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

95%

State Grant Aid

1%

Institution Grant Aid

N/A

Pell Grant

95%

Average Aid Awarded

Federal Grant Aid

$5,602

State Grant Aid

$2,500

Institution Grant Aid

N/A

Pell Grant

$5,602

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,850

$30,001 - $48,000

$2,965

$48,001 - $75,000

$1,667

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Meridian College

Average Loan Amount Average Loan Amount received per year.

$7,523/Year

Students Taking Out Loans

95%

Loan Default Rate

4.1%

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