$3,329

Avg. Federal Grant

$6,859

Avg. Federal Loan

$2,055,291

Total Aid Awarded

Midwestern Career College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$2.055M

Financial Aid Official Website

mccollege.edu/financial-aid/

It is interesting to note that, every year, around 89% of students at MCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,952,636. Notably, a total of 89% of the applicants to Midwestern Career College receive the Federal Grant every year. In comparison, 89% of the students are awarded the Student Grant, 18% get the Institution Grant, and 89% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,800. 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. Candidates are also required to repay these loans within a given period. Every year, around 88% of the applicants to Midwestern Career College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

70%

State Grant Aid

1%

Institution Grant Aid

11%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$3,329

State Grant Aid

$8,000

Institution Grant Aid

$500

Pell Grant

$3,329

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,642

$30,001 - $48,000

$1,704

$48,001 - $75,000

$2,678

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Midwestern Career College

Average Loan Amount Average Loan Amount received per year.

$6,859/Year

Students Taking Out Loans

72%

Loan Default Rate

12.5%

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