by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What amount of COM financial assistance will actually be available to you?Get answers to your questions here.
$5,182.00 is the typical College of the Mainland’s first year financial aid package. 62% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at College of the Mainland.
In addition to scholarships, 49% of first-year students (124 total) got federal grant aid, averaging $5,891.00 per person.
The numbers and the chart below reference predominantly federal grants, as well as some local and state grants.
49% of first-year students at College of the Mainland (124 total) obtained a federal grant, averaging $5,891.00.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 48.41% | $5,755.00 |
| Income 30k-48k | 0.79% | $6,970.00 |
| Income 48k-75k | 0.40% | $8,312.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
62% of the 252 undergraduates at College of the Mainland receive some sort of grant aid. This is a total of about 148 students getting an average of $5,182.00 per person.The largest share of which are in the guise 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.