$4,981

Avg. Federal Grant

$5,298

Avg. Federal Loan

$9,168,104

Total Aid Awarded

Mid Michigan Community College (MMCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$9.168M

Financial Aid Official Website

www.midmich.edu/?gid=2&sid=32&pid=120

It is interesting to note that, every year, around 85% of students at MMC receive some kind of financial aid, while the total amount of assistance/loans provided is $6,272,036. At MMC, the total percentage of applicants who receive the Federal Grant stands at 59%. On the other hand, 69% of the candidates get the Student Grant, 14% receive the Institution Grant, and 59% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,597, the State Grant receivers and Institution Grant beneficiaries get $4,044 and $1,650, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,648. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Mid Michigan College, the percentage of candidates who opt to avail of student loans is around 36%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

24%

Institution Grant Aid

11%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,981

State Grant Aid

$4,398

Institution Grant Aid

$1,649

Pell Grant

$4,887

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,613

$30,001 - $48,000

$6,277

$48,001 - $75,000

$3,686

$75,001 - $110,000

$1,020

Over $110,000

$891

Student Loans for Mid Michigan Community College (MMCC)

Average Loan Amount Average Loan Amount received per year.

$5,471/Year

Students Taking Out Loans

36%

Loan Default Rate

15.6%

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