South Mountain Community College (SMCC) Financial Aid and Scholarships
Students Receiving Aid
61%
Total Aid Amount
$8.105M
Financial Aid Official Website
N/A
As many as 79% of the students at SMCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,765,686 in a year. The total percentage of candidates applying to South Mountain Community College who receive the Federal Grant is 65%. On the other hand, 75% of the candidates get the Student Grant, 27% receive the Institution Grant, and 65% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,759, while the same comes to $730 for State Grant receivers and $1,173 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,840. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 8% of the applicants to South Mountain Community College opt for student loans.
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