$4,268

Avg. Federal Grant

$4,833

Avg. Federal Loan

$2,835,074

Total Aid Awarded

Montcalm Community College (MCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$2.835M

Financial Aid Official Website

www.montcalm.edu/financial-aid

Notably, 87% of the students at Montcalm Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,910,793. The total percentage of candidates applying to Montcalm Community College who receive the Federal Grant is 71%. Meanwhile, 86% of the applicants receive the Student Grant and 15% are awarded the Institution Grant, while 71% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,357, the State Grant receivers and Institution Grant beneficiaries get $3,186 and $976, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,338. 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. 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. At Montcalm Community College, the percentage of candidates who opt to avail of student loans is around 26%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

66%

State Grant Aid

24%

Institution Grant Aid

31%

Pell Grant

66%

Average Aid Awarded

Federal Grant Aid

$4,268

State Grant Aid

$3,443

Institution Grant Aid

$1,162

Pell Grant

$4,246

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,110

$30,001 - $48,000

$5,387

$48,001 - $75,000

$4,139

$75,001 - $110,000

$558

Over $110,000

N/A

Student Loans for Montcalm Community College (MCC)

Average Loan Amount Average Loan Amount received per year.

$4,941/Year

Students Taking Out Loans

27%

Loan Default Rate

11.2%

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