$4,665

Avg. Federal Grant

$4,219

Avg. Federal Loan

$20,945,954

Total Aid Awarded

Moraine Valley Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

32%

Total Aid Amount Average Total Aid Awarded per year.

$20.946M

Financial Aid Official Website

https://www.morainevalley.edu/cost-and-aid

As many as 56% of the students at MVCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,999,270 in a year. More information regarding the financial assistance schemes can be accessed on MVCC’s official financial aid page at https://www.morainevalley.edu/cost-and-aid. At MVCC, the total percentage of applicants who receive the Federal Grant stands at 45%. Meanwhile, 48% of the applicants receive the Student Grant and 4% are awarded the Institution Grant, while 45% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $7,468, while the same comes to $1,302 for State Grant receivers and $1,792 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $6,295. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 10% of the applicants to Moraine Valley Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

23%

Institution Grant Aid

3%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,665

State Grant Aid

$1,291

Institution Grant Aid

$1,902

Pell Grant

$4,656

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,382

$30,001 - $48,000

$5,360

$48,001 - $75,000

$2,820

$75,001 - $110,000

$715

Over $110,000

$57

Student Loans for Moraine Valley Community College

Average Loan Amount Average Loan Amount received per year.

$4,275/Year

Students Taking Out Loans

11%

Loan Default Rate

12.6%

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