OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Montclair State University Financial Aid and Scholarships 2022

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Montclair State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$77.752M

Financial Aid Official Website

www.montclair.edu/financial-aid/

Montclair State University Montclair, New Jersey offers various opportunities for the students to finance their college costs, the college is committed to making quality education and affordable for the New Jersey students. Few of the ways they offer aid are-

Federal and Institutional grants
Institutional scholarships
Loans
Work-study

They also offer third-party scholarships to there students to provide the maximum help the scholarships are mostly on merit and need basis, they also help their students to apply for FAFSA which is the first step of the students to receive federal aid, the FAFSA code for the college is 002617. To receive more information about financial aid please refer to the official website.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

43%

Institution Grant Aid

30%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$5,246

State Grant Aid

$5,598

Institution Grant Aid

$3,430

Pell Grant

$4,915

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with state grants having the highest contribution of 43% with an average aid amount being $5,598.

Almost 47% of the students receive Pell Grants which add up to a normal of around $4,915.
Roughly 47% of the students are eligible for Federal awards at a normal of around $5,246.
30% of the students get institutional awards which add up to a normal of around $3,430.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,945

$30,001 - $48,000

$11,333

$48,001 - $75,000

$5,782

$75,001 - $110,000

$1,507

Over $110,000

$631

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $12,945 whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $11,333.

The student who has a family income ranging from $48,001 to $75,000 the average federal aid provided is $5,782 whereas the student having an annual income ranging from $75,001 to $110,000 the average federal provided is around $1,507. And the student has an annual income range greater than $110,000, the average federal aid provided is $631. This helps students who are coming from low-income homes to pay for their degrees.

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