$4,609

Avg. Federal Grant

$3,343

Avg. Federal Loan

$9,466,110

Total Aid Awarded

Morton College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$9.466M

Financial Aid Official Website

www.morton.edu/Costs_and_Financial_Aid/

It is interesting to note that, every year, around 75% of students at MC receive some kind of financial aid, while the total amount of assistance/loans provided is $474,687. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at http://www.morton.edu/Costs_and_Financial_Aid/. Notably, a total of 61% of the applicants to Morton College receive the Federal Grant every year. Meanwhile, 73% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 61% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,956, and the same stands at $1,137 for State Grant awardees and $2,237 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,050. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 3% of the applicants to Morton College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

24%

Institution Grant Aid

12%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,609

State Grant Aid

$1,085

Institution Grant Aid

$1,808

Pell Grant

$4,575

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,944

$30,001 - $48,000

$4,993

$48,001 - $75,000

$2,636

$75,001 - $110,000

$1,716

Over $110,000

N/A

Student Loans for Morton College

Average Loan Amount Average Loan Amount received per year.

$3,343/Year

Students Taking Out Loans

3%

Loan Default Rate

9.4%

Other Colleges In Illinois

Columbia College Chicago
Columbia College Chicago

Chicago, Illinois

DePaul University
DePaul University

Chicago, Illinois

Dominican University
Dominican University

River Forest, Illinois

Other Colleges In Cicero

Bell Mar Beauty College
Bell Mar Beauty College

Cicero, Illinois

Other Public Colleges

Lamar University (LU)
Lamar University (LU)

Beaumont, Texas

Cerritos College
Cerritos College

Norwalk, California