$4,730

Avg. Federal Grant

$3,245

Avg. Federal Loan

$9,164,249

Total Aid Awarded

Midland College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$9.164M

Financial Aid Official Website

www.midland.edu/enrollment-aid/paying-college/financial-aid/index.php

It is interesting to note that, every year, around 73% of students at MC receive some kind of financial aid, while the total amount of assistance/loans provided is $872,811. At MC, the total percentage of applicants who receive the Federal Grant stands at 38%. In comparison, 73% of the students are awarded the Student Grant, 45% get the Institution Grant, and 38% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,673, while the same comes to $2,010 for State Grant receivers and $3,714 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,462. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 3% of the applicants to Midland College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

17%

Institution Grant Aid

35%

Pell Grant

30%

Average Aid Awarded

Federal Grant Aid

$4,730

State Grant Aid

$2,388

Institution Grant Aid

$3,233

Pell Grant

$4,677

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,597

$30,001 - $48,000

$6,352

$48,001 - $75,000

$5,219

$75,001 - $110,000

$5,479

Over $110,000

$11,750

Student Loans for Midland College

Average Loan Amount Average Loan Amount received per year.

$3,642/Year

Students Taking Out Loans

3%

Loan Default Rate

15.5%

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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