$4,674

Avg. Federal Grant

$4,090

Avg. Federal Loan

$8,001,885

Total Aid Awarded

Muskegon Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$8.002M

Financial Aid Official Website

www.muskegoncc.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 85% of students at MCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,601,796. Notably, a total of 48% of the applicants to Muskegon Community College receive the Federal Grant every year. Meanwhile, 61% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 48% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,690, while the same comes to $3,275 for State Grant receivers and $1,157 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,665. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Muskegon Community College, the percentage of candidates who opt to avail of student loans is around 10%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

22%

Institution Grant Aid

13%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,674

State Grant Aid

$3,104

Institution Grant Aid

$1,201

Pell Grant

$4,553

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,347

$30,001 - $48,000

$6,151

$48,001 - $75,000

$2,963

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Muskegon Community College

Average Loan Amount Average Loan Amount received per year.

$4,090/Year

Students Taking Out Loans

9%

Loan Default Rate

17.4%

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