$4,630

Avg. Federal Grant

$5,193

Avg. Federal Loan

$1,403,940

Total Aid Awarded

Miles Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$1.404M

Financial Aid Official Website

www.milescc.edu/CampusServices/FinancialAid/

Notably, 96% of the students at Miles Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,834,557. More information regarding the financial assistance schemes can be accessed on MCC’s official financial aid page at http://www.milescc.edu/CampusServices/FinancialAid/. At MCC, the total percentage of applicants who receive the Federal Grant stands at 45%. On the other hand, 83% of the candidates get the Student Grant, 59% receive the Institution Grant, and 45% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,325. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At MCC, an estimated number of 76% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

N/A

Institution Grant Aid

43%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,630

State Grant Aid

N/A

Institution Grant Aid

$5,082

Pell Grant

$4,411

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,162

$30,001 - $48,000

$6,960

$48,001 - $75,000

$2,483

$75,001 - $110,000

$1,592

Over $110,000

$1,735

Student Loans for Miles Community College

Average Loan Amount Average Loan Amount received per year.

$5,318/Year

Students Taking Out Loans

67%

Loan Default Rate

18%

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