$5,048

Avg. Federal Grant

$5,625

Avg. Federal Loan

$3,146,507

Total Aid Awarded

Manor College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$3.147M

Financial Aid Official Website

https://manor.edu/admissions/financial-aid/

Among them are scholarship programs such as Joseph P. Gavenonis Scholarship and Technology Scholarship. 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 $4,070,399. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at https://manor.edu/admissions/financial-aid/. Notably, a total of 82% of the applicants to Manor College receive the Federal Grant every year. On the other hand, 96% of the candidates get the Student Grant, 37% receive the Institution Grant, and 82% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,264, the State Grant receivers and Institution Grant beneficiaries get $3,363 and $3,482, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,474. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $9,279 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $10,528, while those falling in the $48,001-$75,000 income category get $7,780 a year. On the other hand, the average federal aid stands at $4,504 for those with an annual family income between $75,001 and $110,000, and at $1,532 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. At Manor College, the percentage of candidates who opt to avail of student loans is around 91%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

81%

State Grant Aid

66%

Institution Grant Aid

35%

Pell Grant

81%

Average Aid Awarded

Federal Grant Aid

$5,048

State Grant Aid

$3,385

Institution Grant Aid

$3,530

Pell Grant

$4,759

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,243

$30,001 - $48,000

$9,038

$48,001 - $75,000

$7,608

$75,001 - $110,000

$3,990

Over $110,000

$4,201

Student Loans for Manor College

Average Loan Amount Average Loan Amount received per year.

$6,357/Year

Students Taking Out Loans

92%

Loan Default Rate

18.4%

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