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.
Discover the financial aid possibilities at MCC and learn what assistance you might qualify for by continuing to read.
Montgomery Community College average financial aid offer for freshmen students is $4,194.00. A significant 92% of freshmen benefit from financial aid, with the main type being loans.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Montgomery Community College you may end up taking on.
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.
22% of first-year students (14 total) were offered scholarships at Montgomery Community College, averaging $2,499.00 per person. This puts it in the bottom 50th percentile among colleges and universities nationwide.
In addition to scholarships, 69% of first-year students (45 total) got federal grant aid, averaging $4,291.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 32.31% | $5,120.00 |
| Income 30k-48k | 12.31% | $5,704.00 |
| Income 48k-75k | 3.08% | $5,402.00 |
| Income 75k-110k | 0.00% | $0.00 |
| 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.
58 MCC undergrads obtain grant aid (this is about 92% of the entire undergraduate student population). The average amount these students receive is $4,194.00.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.