Moraine Valley Community College Financial Aid and Scholarships
Students Receiving Aid
32%
Total Aid Amount
$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.
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