$4,872

Avg. Federal Grant

$5,503

Avg. Federal Loan

$1,266,235

Total Aid Awarded

Medical Training College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$1.266M

Financial Aid Official Website

www.mtcbr.com

Notably, 87% of the students at Medical Training College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,627,408. The total percentage of candidates applying to Medical Training College who receive the Federal Grant is 80%. In comparison, 80% of the students get the Student Grant, and 80% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,711. 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. At MTC, an estimated number of 71% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

2%

Institution Grant Aid

N/A

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$4,872

State Grant Aid

$2,160

Institution Grant Aid

N/A

Pell Grant

$4,723

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,235

$30,001 - $48,000

$3,691

$48,001 - $75,000

$935

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Medical Training College

Average Loan Amount Average Loan Amount received per year.

$5,503/Year

Students Taking Out Loans

90%

Loan Default Rate

12.2%

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