Mclennan Community College Financial Aid and Scholarships
Students Receiving Aid
58%
Total Aid Amount
$25.482M
Financial Aid Official Website
www.mclennan.edu/financial-aid/
It is interesting to note that, every year, around 88% of students at MCC receive some kind of financial aid, while the total amount of assistance/loans provided is $10,732,727. Notably, a total of 62% of the applicants to McLennan Community College receive the Federal Grant every year. On the other hand, 81% of the candidates get the Student Grant, 29% receive the Institution Grant, and 62% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,490, and the same stands at $2,437 for State Grant awardees and $2,952 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,151. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 38% of the applicants to McLennan Community College opt for student loans.
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