$4,188

Avg. Federal Grant

$3,673

Avg. Federal Loan

$4,305,284

Total Aid Awarded

Mountwest Community and Technical College (MCTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$4.305M

Financial Aid Official Website

www.mctc.edu/student-services/financial-aid/

It is interesting to note that, every year, around 78% of students at MCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,029,389. The total percentage of candidates applying to Mountwest Community and Technical College who receive the Federal Grant is 59%. On the other hand, 65% of the candidates get the Student Grant, 16% receive the Institution Grant, and 59% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,712, and the same stands at $2,310 for State Grant awardees and $1,920 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,124. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Mountwest Community and Technical College, the percentage of candidates who opt to avail of student loans is around 37%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

31%

Institution Grant Aid

15%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,188

State Grant Aid

$2,134

Institution Grant Aid

$1,715

Pell Grant

$4,144

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,212

$30,001 - $48,000

$6,263

$48,001 - $75,000

$4,225

$75,001 - $110,000

$557

Over $110,000

N/A

Student Loans for Mountwest Community and Technical College (MCTC)

Average Loan Amount Average Loan Amount received per year.

$3,673/Year

Students Taking Out Loans

40%

Loan Default Rate

21%

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