$4,156

Avg. Federal Grant

N/A

Avg. Federal Loan

$20,777,711

Total Aid Awarded

Motlow State Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$20.778M

Financial Aid Official Website

www.mscc.edu/financialaid

Students can avail of scholarships provided by the college, such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 94% of students at MSCC receive some kind of financial aid. Notably, a total of 50% of the applicants to Motlow State Community College receive the Federal Grant every year. On the other hand, 94% of the candidates get the Student Grant, 8% receive the Institution Grant, and 50% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,195, while the same comes to $3,438 for State Grant receivers and $2,959 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,936. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

87%

Institution Grant Aid

9%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,156

State Grant Aid

$3,358

Institution Grant Aid

$1,840

Pell Grant

$4,131

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,443

$30,001 - $48,000

$6,800

$48,001 - $75,000

$4,899

$75,001 - $110,000

$3,989

Over $110,000

$8,320

Student Loans for Motlow State Community College

Average Loan Amount Average Loan Amount received per year.

N/A

Students Taking Out Loans

N/A

Loan Default Rate

8.6%

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