$4,352

Avg. Federal Grant

$5,611

Avg. Federal Loan

$1,675,620

Total Aid Awarded

White Mountains Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

54%

Total Aid Amount Average Total Aid Awarded per year.

$1.676M

Financial Aid Official Website

www.wmcc.edu/admissions/financial-aid

As many as 89% of the students at WMCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,340,704 in a year. For additional information about financial assistance schemes, one can head over to WMCC’s financial aid page at http://www.wmcc.edu/admissions/financial-aid. The total percentage of candidates applying to White Mountains Community College who receive the Federal Grant is 60%. In comparison, 64% of the students are awarded the Student Grant, 2% get the Institution Grant, and 60% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,914, the State Grant receivers and Institution Grant beneficiaries get $1,542 and $358, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,202. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WMCC, an estimated number of 62% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

39%

Institution Grant Aid

N/A

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,352

State Grant Aid

$798

Institution Grant Aid

N/A

Pell Grant

$4,252

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,470

$30,001 - $48,000

$34

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for White Mountains Community College

Average Loan Amount Average Loan Amount received per year.

$5,869/Year

Students Taking Out Loans

66%

Loan Default Rate

15.8%

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