$4,631

Avg. Federal Grant

$4,544

Avg. Federal Loan

$29,701,552

Total Aid Awarded

Midlands Technical College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$29.702M

Financial Aid Official Website

https://www.midlandstech.edu/financial-aid-and-tuition

It is interesting to note that, every year, around 93% of students at MTC receive some kind of financial aid, while the total amount of assistance/loans provided is $12,114,132. One can visit MTC's financial aid page at https://www.midlandstech.edu/financial-aid-and-tuition for more information. At MTC, the total percentage of applicants who receive the Federal Grant stands at 47%. In comparison, 92% of the students are awarded the Student Grant, 1% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,797, while the same comes to $3,939 for State Grant receivers and $950 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,697. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 29% of the applicants to Midlands Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

72%

Institution Grant Aid

1%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,631

State Grant Aid

$3,633

Institution Grant Aid

$1,010

Pell Grant

$4,618

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,422

$30,001 - $48,000

$7,123

$48,001 - $75,000

$5,396

$75,001 - $110,000

$3,838

Over $110,000

$3,951

Student Loans for Midlands Technical College

Average Loan Amount Average Loan Amount received per year.

$5,363/Year

Students Taking Out Loans

29%

Loan Default Rate

15%

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