$5,353

Avg. Federal Grant

N/A

Avg. Federal Loan

$1,864,096

Total Aid Awarded

Montgomery Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$1.864M

Financial Aid Official Website

www.montgomery.edu/financial-aid

Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence. As many as 76% of the students at MCC receive some kind of financial aid, shows the latest data. More information regarding the financial assistance schemes can be accessed on MCC’s official financial aid page at http://www.montgomery.edu/financial-aid. At MCC, the total percentage of applicants who receive the Federal Grant stands at 39%. Meanwhile, 68% of the applicants receive the Student Grant and 26% are awarded the Institution Grant, while 39% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,808, the State Grant receivers and Institution Grant beneficiaries get $1,331 and $2,546, respectively. And, for the Pell Grant awardees, the average aid amount is $2,237. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. At MCC, an estimated number of 1% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

19%

Institution Grant Aid

22%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$5,353

State Grant Aid

$1,358

Institution Grant Aid

$2,327

Pell Grant

$5,339

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,242

$30,001 - $48,000

$5,987

$48,001 - $75,000

$3,650

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Montgomery Community College

Average Loan Amount Average Loan Amount received per year.

$20,000/Year

Students Taking Out Loans

4%

Loan Default Rate

N/A

Other Colleges In North Carolina

Wake Forest University
Wake Forest University

Winston-Salem, North Carolina

Wingate University
Wingate University

Wingate, North Carolina

East Carolina University (ECU)
East Carolina University (ECU)

Greenville, North Carolina