$2,097

Avg. Federal Grant

$5,947

Avg. Federal Loan

$653,840

Total Aid Awarded

Milwaukee Career College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$653.840K

Financial Aid Official Website

www.mkecc.edu

It is interesting to note that almost every student at MCC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,165,182. At MCC, the total percentage of applicants who receive the Federal Grant stands at 67%. In comparison, 67% of the students are awarded the Student Grant, 1% get the Institution Grant, and 67% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,990. 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 67% of the applicants to Milwaukee Career College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

96%

State Grant Aid

1%

Institution Grant Aid

7%

Pell Grant

96%

Average Aid Awarded

Federal Grant Aid

$2,097

State Grant Aid

$6,000

Institution Grant Aid

$1,497

Pell Grant

$1,947

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,343

$30,001 - $48,000

$2,340

$48,001 - $75,000

$1,896

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Milwaukee Career College

Average Loan Amount Average Loan Amount received per year.

$5,947/Year

Students Taking Out Loans

96%

Loan Default Rate

10.3%

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