$5,631

Avg. Federal Grant

$6,565

Avg. Federal Loan

$11,353,530

Total Aid Awarded

Miles College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$11.354M

Financial Aid Official Website

https://www.miles.edu/administrative-units/10/Office-of-Financial-Aid-

Notably, 99% of the students at Miles College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,221,514. One can visit MC's financial aid page at https://www.miles.edu/administrative-units/10/Office-of-Financial-Aid- for more information. The total percentage of candidates applying to Miles College who receive the Federal Grant is 89%. Meanwhile, 99% of the applicants receive the Student Grant and 39% are awarded the Institution Grant, while 89% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,912, the State Grant receivers and Institution Grant beneficiaries get $1,113 and $6,437, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,393. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $7,040 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $6,314, while those falling in the $48,001-$75,000 income category get $4,736 a year. Those with an annual income level of $75,001-$110,000 would receive $2,736, while candidates with more than $110,000 of family income receive an average federal aid of $3,270. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 91% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

91%

State Grant Aid

37%

Institution Grant Aid

36%

Pell Grant

91%

Average Aid Awarded

Federal Grant Aid

$5,631

State Grant Aid

$840

Institution Grant Aid

$5,853

Pell Grant

$5,309

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,757

$30,001 - $48,000

$7,873

$48,001 - $75,000

$6,817

$75,001 - $110,000

$5,562

Over $110,000

$4,186

Student Loans for Miles College

Average Loan Amount Average Loan Amount received per year.

$6,665/Year

Students Taking Out Loans

93%

Loan Default Rate

11.1%

Other Colleges In Alabama

Samford University
Samford University

Birmingham, Alabama

Troy University
Troy University

Troy, Alabama

Auburn University (AU)
Auburn University (AU)

Auburn, Alabama

Other Private not-for-profit Colleges

Maryville University
Maryville University

Saint Louis, Missouri

Columbia University
Columbia University

New York, New York