OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Michigan College of Beauty-Monroe Financial Aid and Scholarships 2022

Located in Monroe, Michigan, Michigan College of Beauty-Monroe is a private university. Across all the courses offered at Michigan College of Beauty-Monroe, the enrolment stands at 98. The school has an academic staff of 6 who teach various courses to the students. Around 74% of the students are 24 and under at Michigan College of Beauty-Monroe. Shedding some light on gender distribution at MCBM, around 99% of the students are females and 1% are males. Alumni play a vital role in building the

Michigan College of Beauty-Monroe Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

54%

Total Aid Amount Average Total Aid Awarded per year.

$275.334K

Financial Aid Official Website

N/A

Interestingly, almost all of the students at MCBM receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $456,483 in a year. Notably, a total of 71% of the applicants to Michigan College of Beauty-Monroe receive the Federal Grant every year. On the other hand, 71% of the candidates get the Student Grant, while 71% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,663. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Every year, around 71% of the applicants to Michigan College of Beauty-Monroe opt for student loans.

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