Marlboro College Financial Aid and Scholarships
Students Receiving Aid
91%
Total Aid Amount
$5.237M
Financial Aid Official Website
www.marlboro.edu/admissions/undergraduate/financial-aid
It is interesting to note that almost every student at MC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $680,895. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at http://www.marlboro.edu/admissions/undergraduate/financial-aid. Notably, a total of 43% of the applicants to Marlboro College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 43% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,399, the State Grant receivers and Institution Grant beneficiaries get $3,054 and $30,618, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,699. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $41,333 in a year. The average aid amount stands at $37,032 for an annual family income between $30,001 and $48,000. This amount comes to $40,242 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $37,000. And, for those with a family income of more than $110,000, the amount stands at $28,015. 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 Marlboro College, the percentage of candidates who opt to avail of student loans is around 70%.