$4,608

Avg. Federal Grant

$5,105

Avg. Federal Loan

$36,308,463

Total Aid Awarded

Mississippi College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$36.308M

Financial Aid Official Website

www.mc.edu/offices/financial-aid/

It is interesting to note that almost every student at MC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $10,655,259. At MC, the total percentage of applicants who receive the Federal Grant stands at 31%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 30% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,595, while the same comes to $2,369 for State Grant receivers and $13,458 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,448. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At MC, an estimated number of 43% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

43%

Institution Grant Aid

99%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$4,608

State Grant Aid

$1,770

Institution Grant Aid

$12,487

Pell Grant

$4,394

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$16,939

$30,001 - $48,000

$17,408

$48,001 - $75,000

$15,472

$75,001 - $110,000

$12,562

Over $110,000

$12,482

Student Loans for Mississippi College

Average Loan Amount Average Loan Amount received per year.

$5,959/Year

Students Taking Out Loans

52%

Loan Default Rate

7.3%

Other Colleges In Mississippi

Hinds Community College
Hinds Community College

Raymond, Mississippi

Meridian Community College
Meridian Community College

Meridian, Mississippi

Other Private not-for-profit Colleges

St Thomas University (STU)
St Thomas University (STU)

Miami Gardens, Florida

Keiser University
Keiser University

Fort Lauderdale, Florida

Columbia University
Columbia University

New York, New York