$5,202

Avg. Federal Grant

$4,983

Avg. Federal Loan

$21,441,355

Total Aid Awarded

Mohawk Valley Community College (MVCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$21.441M

Financial Aid Official Website

www.mvcc.edu/financial-aid

As many as 91% of the students at MVCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,690,505 in a year. One can visit MVCC's financial aid page at http://www.mvcc.edu/financial-aid for more information. The total percentage of candidates applying to Mohawk Valley Community College who receive the Federal Grant is 68%. On the other hand, 83% of the candidates get the Student Grant, while 68% receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,391, while the same comes to $2,680 for State Grant receivers and $3,832 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,394. 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. 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 37% of the applicants to Mohawk Valley Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

69%

State Grant Aid

74%

Institution Grant Aid

N/A

Pell Grant

69%

Average Aid Awarded

Federal Grant Aid

$5,202

State Grant Aid

$2,612

Institution Grant Aid

N/A

Pell Grant

$5,133

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,543

$30,001 - $48,000

$7,026

$48,001 - $75,000

$3,801

$75,001 - $110,000

$1,667

Over $110,000

$176

Student Loans for Mohawk Valley Community College (MVCC)

Average Loan Amount Average Loan Amount received per year.

$4,983/Year

Students Taking Out Loans

38%

Loan Default Rate

18.8%

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