$4,801

Avg. Federal Grant

$3,282

Avg. Federal Loan

$22,248,273

Total Aid Awarded

Northwest Mississippi Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$22.248M

Financial Aid Official Website

www.northwestms.edu/index.php/?page_id=378

Among them are scholarship programs such as Aura Neely-Gary Memorial Scholarship Fund. Notably, 91% of the students at Northwest Mississippi Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,229,848. More information regarding the financial assistance schemes can be accessed on NMCC’s official financial aid page at http://www.northwestms.edu/index.php/?page_id=378. The total percentage of candidates applying to Northwest Mississippi Community College who receive the Federal Grant is 62%. Meanwhile, 88% of the applicants receive the Student Grant and 40% are awarded the Institution Grant, while 62% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,967, the State Grant receivers and Institution Grant beneficiaries get $831 and $1,913, respectively. And, for the Pell Grant awardees, the average aid amount is $4,509. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At NMCC, an estimated number of 14% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

22%

Institution Grant Aid

33%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$4,801

State Grant Aid

$907

Institution Grant Aid

$3,437

Pell Grant

$4,682

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,038

$30,001 - $48,000

$5,821

$48,001 - $75,000

$3,540

$75,001 - $110,000

$1,656

Over $110,000

$1,797

Student Loans for Northwest Mississippi Community College

Average Loan Amount Average Loan Amount received per year.

$3,282/Year

Students Taking Out Loans

15%

Loan Default Rate

19.2%

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