$4,635

Avg. Federal Grant

$3,912

Avg. Federal Loan

$5,012,275

Total Aid Awarded

North Central Missouri College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

63%

Total Aid Amount Average Total Aid Awarded per year.

$5.012M

Financial Aid Official Website

www.ncmissouri.edu/financialaid

Notably, 95% of the students at North Central Missouri College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,980,115. For additional information about financial assistance schemes, one can head over to NCMC’s financial aid page at http://www.ncmissouri.edu/financialaid. The total percentage of candidates applying to North Central Missouri College who receive the Federal Grant is 54%. In comparison, 93% of the students are awarded the Student Grant, 34% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,602, and the same stands at $3,165 for State Grant awardees and $1,846 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,966. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 28% of the applicants to North Central Missouri College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

56%

State Grant Aid

79%

Institution Grant Aid

35%

Pell Grant

56%

Average Aid Awarded

Federal Grant Aid

$4,635

State Grant Aid

$2,923

Institution Grant Aid

$1,749

Pell Grant

$4,576

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,470

$30,001 - $48,000

$6,362

$48,001 - $75,000

$4,997

$75,001 - $110,000

$4,966

Over $110,000

$5,951

Student Loans for North Central Missouri College

Average Loan Amount Average Loan Amount received per year.

$3,912/Year

Students Taking Out Loans

25%

Loan Default Rate

14.3%

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