Mills College Financial Aid and Scholarships
Students Receiving Aid
98%
Total Aid Amount
$24.949M
Financial Aid Official Website
https://www.mills.edu/admission-aid/index.php
Such schemes include ASTA Northern California Chapter - Richard Epping Scholarship, AWA Scholarship Awards, CCNMA Scholarship, and Cal Grant A. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,462,007. More information regarding the financial assistance schemes can be accessed on MC’s official financial aid page at https://www.mills.edu/admission-aid/index.php. The total percentage of candidates applying to Mills College who receive the Federal Grant is 49%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,921, and the same stands at $8,005 for State Grant awardees and $14,617 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,022. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $42,971 per year. The average aid amount stands at $41,590 for an annual family income between $30,001 and $48,000. This amount comes to $38,147 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $35,366 for those with an annual family income between $75,001 and $110,000, and at $27,162 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At MC, an estimated number of 59% of the applicants choose to go for student loans.
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