MacMurray College Financial Aid and Scholarships
Students Receiving Aid
87%
Total Aid Amount
$9.668M
Financial Aid Official Website
www.mac.edu/financialaid/index.asp
Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,032,131. Notably, a total of 66% of the applicants to MacMurray College receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 66% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,031, the State Grant receivers and Institution Grant beneficiaries get $4,227 and $16,954, respectively. And, for the Pell Grant awardees, the average aid amount is $4,432. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 100% of the applicants to MacMurray College opt for student loans.
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