Colorado Mountain College Financial Aid and Scholarships
Students Receiving Aid
21%
Total Aid Amount
$5.918M
Financial Aid Official Website
coloradomtn.edu/financial-aid/
Students can avail of scholarships provided by the college, such as Boettcher Foundation Scholarship and Colorado Ski Authority Annual Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 68% of students at CMC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,298,370. The total percentage of candidates applying to Colorado Mountain College who receive the Federal Grant is 30%. On the other hand, 44% of the candidates get the Student Grant, 15% receive the Institution Grant, and 30% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,344, the State Grant receivers and Institution Grant beneficiaries get $2,381 and $1,860, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,893. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 37% of the applicants to Colorado Mountain College opt for student loans.
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