$4,447

Avg. Federal Grant

$4,437

Avg. Federal Loan

$4,115,339

Total Aid Awarded

Monroe County Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

38%

Total Aid Amount Average Total Aid Awarded per year.

$4.115M

Financial Aid Official Website

www.monroeccc.edu/financialaid/finaindx.htm

As many as 82% of the students at MCCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,740,182 in a year. The total percentage of candidates applying to Monroe County Community College who receive the Federal Grant is 40%. In comparison, 70% of the students are awarded the Student Grant, 46% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,900, the State Grant receivers and Institution Grant beneficiaries get $2,480 and $1,712, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,720. 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. 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 20% of the applicants to Monroe County Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

14%

Institution Grant Aid

46%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,447

State Grant Aid

$2,736

Institution Grant Aid

$1,852

Pell Grant

$4,417

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,404

$30,001 - $48,000

$6,692

$48,001 - $75,000

$2,683

$75,001 - $110,000

$797

Over $110,000

$415

Student Loans for Monroe County Community College

Average Loan Amount Average Loan Amount received per year.

$4,437/Year

Students Taking Out Loans

19%

Loan Default Rate

11.9%

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