Miles College Financial Aid and Scholarships
Students Receiving Aid
94%
Total Aid Amount
$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.
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