$5,783

Avg. Federal Grant

$6,013

Avg. Federal Loan

$6,008,746

Total Aid Awarded

Morris College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$6.009M

Financial Aid Official Website

https://www.morris.edu/financial-aid

It is interesting to note that, every year, around 98% of students at MC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,534,967. More information regarding the financial assistance schemes can be accessed on MC’s official financial aid page at https://www.morris.edu/financial-aid. At MC, the total percentage of applicants who receive the Federal Grant stands at 95%. On the other hand, 96% of the candidates get the Student Grant, 27% receive the Institution Grant, and 94% get the Pell Grant. While the Federal Grant awardees receive an average aid of $7,308, the State Grant receivers and Institution Grant beneficiaries get $3,606 and $3,479, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,795. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $8,494 in a year. The average aid amount stands at $7,404 for an annual family income between $30,001 and $48,000. This amount comes to $3,566 for those who fall under the $48,001-$75,000 family income bracket. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 91% of the applicants to Morris College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

94%

State Grant Aid

56%

Institution Grant Aid

24%

Pell Grant

94%

Average Aid Awarded

Federal Grant Aid

$5,783

State Grant Aid

$3,799

Institution Grant Aid

$2,821

Pell Grant

$5,040

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,839

$30,001 - $48,000

$8,378

$48,001 - $75,000

$5,003

$75,001 - $110,000

$3,067

Over $110,000

$2,800

Student Loans for Morris College

Average Loan Amount Average Loan Amount received per year.

$6,013/Year

Students Taking Out Loans

97%

Loan Default Rate

11.4%

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