OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Methodist College Financial Aid and Scholarships 2022

Located in Peoria, IL, Methodist College is a private university. Out of total 681 students enrolled at MC, 675 belong to undergraduate courses while 6 are postgraduate students. The school has an academic staff of 75 who teach various courses to the students. Around 90% of the students are females and 10% are males. Notably, Methodist College is also home to an ethnically diverse student population. At MC around 79% are white, 12% are Black or African American, and 3% are Asian. Moreover, ar

Methodist College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$2.692M

Financial Aid Official Website

www.methodistcol.edu/financial-aid.aspx

It is interesting to note that almost every student at MC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $2,940,312. One can visit MC's financial aid page at http://www.methodistcol.edu/financial-aid.aspx for more information. The total percentage of candidates applying to Methodist College who receive the Federal Grant is 33%. On the other hand, 67% of the candidates get the Student Grant, 17% receive the Institution Grant, and 33% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $2,029. 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 $4,822 per year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $2,195. And, for those with a family income of more than $110,000, the amount stands at $469. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At MC, an estimated number of 100% of the applicants choose to go for student loans.

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