$4,962

Avg. Federal Grant

$3,357

Avg. Federal Loan

$3,338,833

Total Aid Awarded

Morgan Community College (MCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

37%

Total Aid Amount Average Total Aid Awarded per year.

$3.339M

Financial Aid Official Website

https://www.morgancc.edu/admissions/financial-aid

As many as 88% of the students at MCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $763,153 in a year. For additional information about financial assistance schemes, one can head over to MCC’s financial aid page at https://www.morgancc.edu/admissions/financial-aid. The total percentage of candidates applying to Morgan Community College who receive the Federal Grant is 54%. Meanwhile, 86% of the applicants receive the Student Grant and 33% are awarded the Institution Grant, while 54% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,694, and the same stands at $2,172 for State Grant awardees and $3,489 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,197. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 10% of the applicants to Morgan Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

70%

Institution Grant Aid

28%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,962

State Grant Aid

$2,242

Institution Grant Aid

$2,899

Pell Grant

$4,887

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,141

$30,001 - $48,000

$7,658

$48,001 - $75,000

$5,433

$75,001 - $110,000

$5,406

Over $110,000

N/A

Student Loans for Morgan Community College (MCC)

Average Loan Amount Average Loan Amount received per year.

$3,357/Year

Students Taking Out Loans

11%

Loan Default Rate

8.9%

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