$4,169

Avg. Federal Grant

$11,960

Avg. Federal Loan

$182,151

Total Aid Awarded

Mid-America College of Funeral Service Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$182.151K

Financial Aid Official Website

www.mid-america.edu/admissions/financial-aid

Notably, 79% of the students at Mid-America College of Funeral Service get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $986,500. One can visit MACFS's financial aid page at http://www.mid-america.edu/admissions/financial-aid for more information. At MACFS, the total percentage of applicants who receive the Federal Grant stands at 60%. On the other hand, 60% of the candidates get the Student Grant, 2% receive the Institution Grant, and 60% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $6,095. 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 $1,089 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 $1,089 and $1,089, respectively. 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 79% of the applicants to Mid-America College of Funeral Service opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

N/A

Institution Grant Aid

25%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$4,169

State Grant Aid

N/A

Institution Grant Aid

$127

Pell Grant

$5,912

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,912

$30,001 - $48,000

$918

$48,001 - $75,000

$400

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Mid-America College of Funeral Service

Average Loan Amount Average Loan Amount received per year.

$11,458/Year

Students Taking Out Loans

43%

Loan Default Rate

25.5%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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