OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Magnolia College of Cosmetology Financial Aid and Scholarships 2022

Located in Jackson, Mississippi, Magnolia College of Cosmetology is a private university. Taking into account all the courses offered at Magnolia College of Cosmetology, the total enrolment stands at 43. The school has an academic staff of 4 who teach various courses to the students. Around 53% of the students are 24 and under at Magnolia College of Cosmetology. Shedding some light on gender distribution at MCC, around 98% of the students are females and 2% are males. For any university, alum

$5,459

Avg. Federal Grant

$5,393

Avg. Federal Loan

$646,771

Total Aid Awarded

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Magnolia College of Cosmetology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$646.771K

Financial Aid Official Website

www.mcocjackson.com

It is interesting to note that, every year, around 91% of students at MCC receive some kind of financial aid, while the total amount of assistance/loans provided is $751,838. At MCC, the total percentage of applicants who receive the Federal Grant stands at 79%. In comparison, 79% of the students get the Student Grant, and 79% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,024. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 71% of the applicants to Magnolia College of Cosmetology opt for student loans.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

68%

Average Aid Awarded

Federal Grant Aid

$5,459

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,459

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,920

$30,001 - $48,000

$5,070

$48,001 - $75,000

$5,770

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Magnolia College of Cosmetology

Average Loan Amount Average Loan Amount received per year.

$5,393/Year

Students Taking Out Loans

82%

Loan Default Rate

16.8%

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Magnolia College of Cosmetology Financial Aid and Scholarships

Financial Aid Breakdown

Federal Aid based on Family Income

Student Loans for Magnolia College of Cosmetology

Other Colleges In Mississippi

Other Colleges In Jackson

Other Private for-profit Colleges

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