by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Discover the financial aid possibilities at Montco and learn what assistance you might qualify for by continuing to read.
$5,002.00 is the typical Montgomery County Community College’s first year financial aid package. A significant 62% of freshmen benefit from financial aid, with the main type being grants and scholarships.
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.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Montgomery County Community College.
As well as scholarships, 39% of freshmen (392 total) obtained a federal grant, for about $4,845.00 a piece.
The numbers and the graph following pertain to primarily federal grants, plus some local and state grants.
39% of first years at Montgomery County Community College (392 total) obtained a federal grant, averaging $4,845.00.
Amount of Financial Assistance Per Income Level
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.88% | $7,021.00 |
| Income 30k-48k | 8.94% | $5,783.00 |
| Income 48k-75k | 8.94% | $3,085.00 |
| Income 75k-110k | 2.71% | $646.00 |
| Income 110k + | 1.11% | $257.00 |
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 995 undergraduates at Montgomery County Community College receive some sort of grant aid. This is a total of about 487 students getting an average of $5,002.00 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.