$5,376

Avg. Federal Grant

$3,538

Avg. Federal Loan

$37,026,723

Total Aid Awarded

Milwaukee Area Technical College (MATC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$37.027M

Financial Aid Official Website

matc.edu/student/resources/financial_aid/index.cfm

As many as 79% of the students at MATC get some sort of financial aid, and the total amount of assistance/loans provided is more than $33,759,222 in a year. For additional information about financial assistance schemes, one can head over to MATC’s financial aid page at http://matc.edu/student/resources/financial_aid/index.cfm. At MATC, the total percentage of applicants who receive the Federal Grant stands at 61%. In comparison, 64% of the students are awarded the Student Grant, 6% get the Institution Grant, and 61% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,767, the State Grant receivers and Institution Grant beneficiaries get $1,222 and $1,686, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,673. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 53% of the applicants to Milwaukee Area Technical College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

69%

State Grant Aid

62%

Institution Grant Aid

11%

Pell Grant

69%

Average Aid Awarded

Federal Grant Aid

$5,376

State Grant Aid

$1,153

Institution Grant Aid

$818

Pell Grant

$5,286

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,850

$30,001 - $48,000

$6,247

$48,001 - $75,000

$3,554

$75,001 - $110,000

$820

Over $110,000

$148

Student Loans for Milwaukee Area Technical College (MATC)

Average Loan Amount Average Loan Amount received per year.

$3,619/Year

Students Taking Out Loans

36%

Loan Default Rate

22.4%

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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