$4,134

Avg. Federal Grant

$4,503

Avg. Federal Loan

$12,383,522

Total Aid Awarded

Montgomery County Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

35%

Total Aid Amount Average Total Aid Awarded per year.

$12.384M

Financial Aid Official Website

www.mc3.edu/adm-fin-aid/fin-aid

Students can avail of scholarships provided by the college, such as Joseph P. Gavenonis Scholarship and Technology Scholarship, if they find educational expenses to be on the higher side. Notably, 60% of the students at Montgomery County Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,859,539. The total percentage of candidates applying to Montgomery County Community College who receive the Federal Grant is 36%. In comparison, 44% of the students are awarded the Student Grant, 9% get the Institution Grant, and 36% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,665, and the same stands at $1,409 for State Grant awardees and $1,693 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,380. 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. 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. At MCCC, an estimated number of 34% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

41%

State Grant Aid

23%

Institution Grant Aid

8%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$4,134

State Grant Aid

$1,657

Institution Grant Aid

$1,578

Pell Grant

$4,068

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,660

$30,001 - $48,000

$4,692

$48,001 - $75,000

$2,554

$75,001 - $110,000

$685

Over $110,000

$81

Student Loans for Montgomery County Community College

Average Loan Amount Average Loan Amount received per year.

$4,555/Year

Students Taking Out Loans

35%

Loan Default Rate

15.1%

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