$5,110

Avg. Federal Grant

$4,486

Avg. Federal Loan

$28,280,991

Total Aid Awarded

Mississippi Gulf Coast Community College (MGCCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$28.281M

Financial Aid Official Website

https://mgccc.edu/enroll/financial-aid/

As many as 91% of the students at MGCCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $12,749,552 in a year. Notably, a total of 61% of the applicants to Mississippi Gulf Coast Community College receive the Federal Grant every year. On the other hand, 88% of the candidates get the Student Grant, 48% receive the Institution Grant, and 61% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,339, while the same comes to $919 for State Grant receivers and $2,578 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,586. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 27% of the applicants to Mississippi Gulf Coast Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

23%

Institution Grant Aid

53%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$5,110

State Grant Aid

$876

Institution Grant Aid

$2,735

Pell Grant

$5,032

Financial aid is any form of funding that helps you pay for colleges, such as a grant, loans, scholarship, or work-study programs. While gathering knowledge about the various financial aids a college can offer, one of the essential things to notice is how the financial aid is broken down and how much aid is provided to what number of students in an academic year. As shown by the reports, Mississippi Gulf Coast Community College's financial aid breakdown shows the following data:

  • 75% of students earn grants, an average of approximately $28,280,991

  • Approximately 64% of students receive Federal Grant Funding, which amounts to an average of $5,110

  • 64% of students receive Pell Grants, which amounts to an average of about $5,032.

  • Approximately 23% of students receive state grants at an average of about $876.

  • 53% of students received the institutional grant at an average of about $2,735.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,652

$30,001 - $48,000

$6,416

$48,001 - $75,000

$4,501

$75,001 - $110,000

$1,728

Over $110,000

$1,760

The breakdown is done as federal aids rely upon the income of the students of their families. It is categorized into five distinctive pay types to help decide the normal measure of federal aid students may get. Contingent upon the level of pay of family and student income falls under, the financial aid provided to the student may either pay more or less than the average expenses. Students should have a reasonable amount of idea about how much aid students can expect to get depending on the income bracket they will fall under.

The average federal assistance received for a student with a family income ranging from $0 to $30,000 is $6,652, while a student with a family income ranging from $30,001 to $48,000 is $6,416. The student has a family income ranging from $48,001 to $75,000; the average federal aid received by them is $4,501. In contrast, the student with an annual income ranging from $75,001 to $110,000 the average federal aid is around $1,728 is given, which decreases sharply by the previous income range group. The student has an annual income level of over $110,000; the average amount of federal aid provided is $1,760.

Student Loans for Mississippi Gulf Coast Community College (MGCCC)

Average Loan Amount Average Loan Amount received per year.

$4,487/Year

Students Taking Out Loans

32%

Loan Default Rate

25.3%

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