$4,810

Avg. Federal Grant

$5,534

Avg. Federal Loan

$11,146,506

Total Aid Awarded

Mitchell College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$11.147M

Financial Aid Official Website

mitchell.edu/cost-and-aid/

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,730,536. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at http://mitchell.edu/cost-and-aid/. At MC, the total percentage of applicants who receive the Federal Grant stands at 52%. In comparison, 100% of the students are awarded the Student Grant, 95% get the Institution Grant, and 52% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,545, while the same comes to $2,047 for State Grant receivers and $17,310 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,273. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $28,277 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,210, while those falling in the $48,001-$75,000 income category get $21,282 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $18,307. And, for those with a family income of more than $110,000, the amount stands at $13,182. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. Every year, around 75% of the applicants to Mitchell College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

22%

Institution Grant Aid

97%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,810

State Grant Aid

$4,183

Institution Grant Aid

$16,349

Pell Grant

$4,372

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,773

$30,001 - $48,000

$22,511

$48,001 - $75,000

$21,271

$75,001 - $110,000

$17,679

Over $110,000

$16,824

Student Loans for Mitchell College

Average Loan Amount Average Loan Amount received per year.

$7,482/Year

Students Taking Out Loans

87%

Loan Default Rate

18.6%

Other Colleges In Connecticut

Located in Fairfield, CT, Fairfield University is a university. The university covers an area of 200 acres. In 1942, Fairfield University was founded. The motto of the Fairfield University is Per Fidem ad Plenam Veritatem (Latin) and its official colors are cardinal and white. In addition to ove

Fairfield, Connecticut 4 years Private Not-For-Profit

Trinity College is a private university located in Hartford, CT. It was in 1823 when the Trinity College was founded. Right now, the office of dean at the TC is headed by Sonia Cardenas. The motto of the Trinity College is Pro Ecclesia Et Patria (Latin) and its official colors are blue and old go

Hartford, Connecticut 4 years Private Not-For-Profit

#N/A

Willimantic, Connecticut 4 years Public

Other Colleges In New London

A private university by the name of Connecticut College is located in New London, CT. The foundation of Connecticut College was laid down in the year 1911. Connecticut College believes in imparting education and contributing to society by focusing on innovation, research, education, and commitmen

New London, Connecticut 4 years Private Not-For-Profit

Other Private not-for-profit Colleges

Strategy, Innovation, Positivity, Collaboration, and Transformation are the key SCAD values that the university promises to provide. The SCAD Bee is the official Mascot of the university.

  • The total population of the college is 12,364 out of which 10,108 are full-timers and 2,2

Savannah, Georgia 4 years Private Not-For-Profit

Located in Lima, OH, University of Northwestern Ohio is a private university. In 1920, University of Northwestern Ohio was founded. Notably, the official colors of the university are burgundy and gray. Out of total 4,500 students enrolled at UNO, 3,158 belong to undergraduate courses while 63 are po

Lima, Ohio 4 years Private Not-For-Profit

A private university by the name of Johns Hopkins University is located in Baltimore, MD. Johns Hopkins University was founded in the year 1876. The motto of the Johns Hopkins University is Veritas vos liberabit (Latin) and its official colors are hopkins blue, white, black, ;, sable and gold (acade

Baltimore, Maryland 4 years Private Not-For-Profit