$4,758

Avg. Federal Grant

$4,991

Avg. Federal Loan

$4,878,354

Total Aid Awarded

Mount Carmel College of Nursing Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$4.878M

Financial Aid Official Website

www.mccn.edu/tuition-and-financial-aid/financial-aid/welcome

Among them are scholarship programs such as College Scholars Program, Dr. Allen Smith Memorial Scholarship, Eleanor Wilson Academic Scholarship, and Eleanor Wilson Clinical Excellence Award. As many as 88% of the students at MCCN get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,815,830 in a year. At MCCN, the total percentage of applicants who receive the Federal Grant stands at 39%. Meanwhile, 61% of the applicants receive the Student Grant and 33% are awarded the Institution Grant, while 39% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,775, the State Grant receivers and Institution Grant beneficiaries get $2,735 and $1,159, respectively. And, for the Pell Grant awardees, the average aid amount is $4,822. 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. 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. At Mount Carmel College of Nursing, the percentage of candidates who opt to avail of student loans is around 78%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

32%

Institution Grant Aid

39%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$4,758

State Grant Aid

$2,656

Institution Grant Aid

$1,319

Pell Grant

$4,568

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,668

$30,001 - $48,000

$7,990

$48,001 - $75,000

$3,315

$75,001 - $110,000

$460

Over $110,000

$700

Student Loans for Mount Carmel College of Nursing

Average Loan Amount Average Loan Amount received per year.

$5,725/Year

Students Taking Out Loans

79%

Loan Default Rate

3.7%

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