$5,339

Avg. Federal Grant

$5,600

Avg. Federal Loan

$25,978,122

Total Aid Awarded

Marymount Manhattan College (MMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

85%

Total Aid Amount Average Total Aid Awarded per year.

$25.978M

Financial Aid Official Website

www.mmm.edu/admissions/financial-aid-scholarships.php

As many as 98% of the students at MMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,869,539 in a year. For additional information about financial assistance schemes, one can head over to MMC’s financial aid page at http://www.mmm.edu/admissions/financial-aid-scholarships.php. The total percentage of candidates applying to Marymount Manhattan College who receive the Federal Grant is 32%. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 32% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,602, the State Grant receivers and Institution Grant beneficiaries get $4,182 and $15,169, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,022. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $21,246 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $20,165 and $17,694, respectively. On the other hand, the average federal aid stands at $15,408 for those with an annual family income between $75,001 and $110,000, and at $12,541 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. Every year, around 86% of the applicants to Marymount Manhattan College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

13%

Institution Grant Aid

93%

Pell Grant

30%

Average Aid Awarded

Federal Grant Aid

$5,339

State Grant Aid

$3,880

Institution Grant Aid

$13,713

Pell Grant

$4,887

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,039

$30,001 - $48,000

$21,536

$48,001 - $75,000

$18,938

$75,001 - $110,000

$16,396

Over $110,000

$12,393

Student Loans for Marymount Manhattan College (MMC)

Average Loan Amount Average Loan Amount received per year.

$8,121/Year

Students Taking Out Loans

82%

Loan Default Rate

7.1%

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