$5,091

Avg. Federal Grant

$4,735

Avg. Federal Loan

$31,190,226

Total Aid Awarded

Mott Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

59%

Total Aid Amount Average Total Aid Awarded per year.

$31.190M

Financial Aid Official Website

https://www.mcc.edu/financial_aid/

Among them are scholarship programs such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship. It is interesting to note that, every year, around 88% of students at MCC receive some kind of financial aid, while the total amount of assistance/loans provided is $12,310,429. One can visit MCC's financial aid page at https://www.mcc.edu/financial_aid/ for more information. The total percentage of candidates applying to Mott Community College who receive the Federal Grant is 55%. In comparison, 65% of the students are awarded the Student Grant, 35% get the Institution Grant, and 41% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,703, the State Grant receivers and Institution Grant beneficiaries get $3,125 and $1,851, respectively. And, for the Pell Grant awardees, the average aid amount is $4,040. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MCC, an estimated number of 23% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

16%

Institution Grant Aid

14%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$5,091

State Grant Aid

$3,182

Institution Grant Aid

$2,596

Pell Grant

$4,840

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,428

$30,001 - $48,000

$6,046

$48,001 - $75,000

$3,052

$75,001 - $110,000

$606

Over $110,000

$63

Student Loans for Mott Community College

Average Loan Amount Average Loan Amount received per year.

$4,910/Year

Students Taking Out Loans

30%

Loan Default Rate

22.1%