by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Uncover the various financial aid options provided by Malcolm X College and determine which ones you may be eligible for by continuing your exploration.
City Colleges of Chicago - Malcolm X College average financial aid offer for freshmen students is $5,639.00. Approximately 86% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at City Colleges of Chicago - Malcolm X College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
20% of first-year students (190 total) were offered scholarships at City Colleges of Chicago - Malcolm X College, averaging $3,536.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 71% of first-year students (674 total) got a federal grant, for about $4,898.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 50.90% | $6,169.00 |
| Income 30k-48k | 15.48% | $5,709.00 |
| Income 48k-75k | 4.67% | $3,685.00 |
| Income 75k-110k | 0.53% | $2,317.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
86% of the 943 undergraduates at City Colleges of Chicago - Malcolm X College receive some sort of grant aid. This is a total of about 805 students getting an average of $5,639.00 per person.The majority of which come in the form of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.