$4,701

Avg. Federal Grant

$6,083

Avg. Federal Loan

$203,093

Total Aid Awarded

Messenger College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$203.093K

Financial Aid Official Website

www.messengercollege.edu/financial-aid

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 $338,454 in a year. More information regarding the financial assistance schemes can be accessed on MC’s official financial aid page at http://www.messengercollege.edu/financial-aid. At MC, the total percentage of applicants who receive the Federal Grant stands at 63%. On the other hand, 100% of the candidates get the Student Grant, 88% receive the Institution Grant, and 63% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,632. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $5,965 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $8,568 and $5,465, respectively. On the other hand, the average federal aid stands at $1,700 for those with an annual family income between $75,001 and $110,000, and at $2,050 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At MC, an estimated number of 63% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

33%

Institution Grant Aid

89%

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$4,701

State Grant Aid

$2,161

Institution Grant Aid

$1,593

Pell Grant

$4,511

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,616

$30,001 - $48,000

$6,718

$48,001 - $75,000

$3,310

$75,001 - $110,000

$2,023

Over $110,000

N/A

Student Loans for Messenger College

Average Loan Amount Average Loan Amount received per year.

$6,083/Year

Students Taking Out Loans

100%

Loan Default Rate

31.6%

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