Milwaukee Area Technical College (MATC) Financial Aid and Scholarships
Students Receiving Aid
51%
Total Aid Amount
$37.027M
Financial Aid Official Website
matc.edu/student/resources/financial_aid/index.cfm
As many as 79% of the students at MATC get some sort of financial aid, and the total amount of assistance/loans provided is more than $33,759,222 in a year. For additional information about financial assistance schemes, one can head over to MATC’s financial aid page at http://matc.edu/student/resources/financial_aid/index.cfm. At MATC, the total percentage of applicants who receive the Federal Grant stands at 61%. In comparison, 64% of the students are awarded the Student Grant, 6% get the Institution Grant, and 61% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,767, the State Grant receivers and Institution Grant beneficiaries get $1,222 and $1,686, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,673. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 53% of the applicants to Milwaukee Area Technical College opt for student loans.
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