Meridian Community College Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

$4,714

Avg. Federal Grant

$2,358

Avg. Federal Loan

$8,867,880

Total Aid Awarded

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Meridian Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$8.868M

Financial Aid Official Website

www.meridiancc.edu/financialaid/

As many as 92% of the students at MCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,417,450 in a year. One can visit MCC's financial aid page at http://www.meridiancc.edu/financialaid/ for more information. Notably, a total of 67% of the applicants to Meridian Community College receive the Federal Grant every year. Meanwhile, 92% of the applicants receive the Student Grant and 47% are awarded the Institution Grant, while 67% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,533, and the same stands at $626 for State Grant awardees and $2,466 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,364. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Meridian Community College, the percentage of candidates who opt to avail of student loans is around 12%.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

26%

Institution Grant Aid

45%

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$4,714

State Grant Aid

$609

Institution Grant Aid

$2,532

Pell Grant

$4,647

The financial breakdown indulges into the proportion of students awarded with certain grants as per their eligibility, academic performance and full-time enrollment. To reflect the average grants offered to students, its mention worthy that -

65% of the students receive Federal Grants which comprises an average aid of $4,714. 65% of the students receive Pell Grants which comprises an average aid of $4,647.
26% of the students receive State Grants which comprises an average aid of $609.
45% of the students receive Institutional Grants which comprises an average aid of $2,532.
The amount of federal loan provided to students on an average reaches nearly up to $2,358.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,367

$30,001 - $48,000

$5,810

$48,001 - $75,000

$1,639

$75,001 - $110,000

N/A

Over $110,000

N/A

This portrays the distinctive range of federal aids offered to students with respect to their family income, with financial aid for these ranges fluctuating between $1,639 and $5,367. As observed, the highest amount of financial aid offered to students belong to the family income group $0 - $30,000 and the lowest amount of financial aid is offered to the group with family income above $110,000.

Student Loans for Meridian Community College

Average Loan Amount Average Loan Amount received per year.

$2,358/Year

Students Taking Out Loans

11%

Loan Default Rate

16.5%

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