$4,367

Avg. Federal Grant

$5,992

Avg. Federal Loan

$173,602

Total Aid Awarded

Mitchells Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$173.602K

Financial Aid Official Website

www.mitchells.edu

As many as 78% of the students at MA get some sort of financial aid, and the total amount of assistance/loans provided is more than $226,605 in a year. Notably, a total of 72% of the applicants to Mitchells Academy receive the Federal Grant every year. In comparison, 72% of the students get the Student Grant, and 72% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,607. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 50% of the applicants to Mitchells Academy opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$4,367

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,367

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,367

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Mitchells Academy

Average Loan Amount Average Loan Amount received per year.

$5,992/Year

Students Taking Out Loans

88%

Loan Default Rate

N/A

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#N/A

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