$4,420

Avg. Federal Grant

$4,400

Avg. Federal Loan

$16,005,583

Total Aid Awarded

Moreno Valley College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$16.006M

Financial Aid Official Website

www.mvc.edu/services/sfs/

Notably, 91% of the students at Moreno Valley College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $833,742. At MVC, the total percentage of applicants who receive the Federal Grant stands at 58%. On the other hand, 91% of the candidates get the Student Grant, 47% receive the Institution Grant, and 58% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,983, and the same stands at $2,586 for State Grant awardees and $446 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,764. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 1% of the applicants to Moreno Valley College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

85%

Institution Grant Aid

33%

Pell Grant

58%

Average Aid Awarded

Federal Grant Aid

$4,420

State Grant Aid

$1,993

Institution Grant Aid

$347

Pell Grant

$4,279

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,677

$30,001 - $48,000

$7,381

$48,001 - $75,000

$4,749

$75,001 - $110,000

$2,517

Over $110,000

N/A

Student Loans for Moreno Valley College

Average Loan Amount Average Loan Amount received per year.

$4,400/Year

Students Taking Out Loans

1%

Loan Default Rate

9%

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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