$4,576

Avg. Federal Grant

$5,543

Avg. Federal Loan

$3,527,118

Total Aid Awarded

Nebraska Methodist College (NMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$3.527M

Financial Aid Official Website

www.methodistcollege.edu/admissions/financial-aid

Such schemes include Clifton & Alberta White Memorial Scholarship, Humpert Memorial Scholarship, Maynard Jensen American Legion Memorial Scholarship, and Robert R. Johnson Memorial Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,178,211. One can visit NMCNAH's financial aid page at http://www.methodistcollege.edu/admissions/financial-aid for more information. At NMCNAH, the total percentage of applicants who receive the Federal Grant stands at 33%. Meanwhile, 95% of the applicants receive the Student Grant and 90% are awarded the Institution Grant, while 33% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,516, and the same stands at $2,000 for State Grant awardees and $4,496 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,859. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $9,979 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $9,732 and $8,788, respectively. On the other hand, the average federal aid stands at $4,389 for those with an annual family income between $75,001 and $110,000, and at $3,978 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Nebraska Methodist College of Nursing & Allied Health, the percentage of candidates who opt to avail of student loans is around 81%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

18%

Institution Grant Aid

100%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,576

State Grant Aid

$2,069

Institution Grant Aid

$4,202

Pell Grant

$4,409

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,685

$30,001 - $48,000

$9,965

$48,001 - $75,000

$8,708

$75,001 - $110,000

$4,800

Over $110,000

$5,583

Student Loans for Nebraska Methodist College (NMC)

Average Loan Amount Average Loan Amount received per year.

$7,649/Year

Students Taking Out Loans

74%

Loan Default Rate

3.6%

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