by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Interested in understanding the financial aid resources available at Monterey Peninsula College and your eligibility? Find the answers you seek below.
Monterey Peninsula College average financial aid offer for freshmen students is $4,528.00. 80% of reshman students get financial aid, most of which is in the form of loans
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Monterey Peninsula College.
As well as scholarships, 43% of freshmen (252 total) obtained a federal grant, for about $4,668.00 a piece.
The numbers and the chart below reference predominantly federal grants, as well as some local and state grants.
43% of first years at Monterey Peninsula College (252 total) obtained a federal grant, averaging $4,668.00.
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 | 25.64% | $7,411.00 |
| Income 30k-48k | 9.17% | $6,326.00 |
| Income 48k-75k | 6.28% | $5,724.00 |
| Income 75k-110k | 1.02% | $4,088.00 |
| Income 110k + | 0.34% | $2,222.00 |
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.
471 Monterey Peninsula College undergrads obtain grant aid (this is about 80% of the entire undergraduate student population). The average amount these students receive is $4,528.00.Most of them are distributed as 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.