$5,014

Avg. Federal Grant

$5,114

Avg. Federal Loan

$2,935,833

Total Aid Awarded

Northern Maine Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$2.936M

Financial Aid Official Website

www.nmcc.edu/admissions-financial-aid/admissions/overview/

Interestingly, almost all of the students at NMCC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $1,361,956 in a year. For additional information about financial assistance schemes, one can head over to NMCC’s financial aid page at http://www.nmcc.edu/admissions-financial-aid/admissions/overview/. At NMCC, the total percentage of applicants who receive the Federal Grant stands at 75%. On the other hand, 94% of the candidates get the Student Grant, 70% receive the Institution Grant, and 75% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,612, and the same stands at $1,323 for State Grant awardees and $1,336 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,385. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 NMCC, an estimated number of 55% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

53%

Institution Grant Aid

67%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$5,014

State Grant Aid

$1,390

Institution Grant Aid

$1,259

Pell Grant

$4,824

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,411

$30,001 - $48,000

$7,283

$48,001 - $75,000

$4,052

$75,001 - $110,000

$938

Over $110,000

$250

Student Loans for Northern Maine Community College

Average Loan Amount Average Loan Amount received per year.

$5,114/Year

Students Taking Out Loans

44%

Loan Default Rate

18%

Other Colleges In Maine

#N/A

Orono, Maine 4 years Public

There is a private university in Biddeford, ME called University of New England. The foundation of University of New England was laid down in the year 1831. Keeping the pursuit of research, innovation, and excellence at the center, University of New England has been imparting quality education to

Biddeford, Maine 4 years Private Not-For-Profit

  • The student-faculty ratio is 9:1.

  • The graduation rate of the university is 94%.

  • College accreditation - The college is regionally accredited and recognized by the New England Association of

Brunswick, Maine 4 years Private Not-For-Profit

Other Colleges In Presque Isle

Located in Presque Isle, ME, University of Maine at Presque Isle is a public university. The university covers an area of 150 acres. It was in 1903 when the University of Maine at Presque Isle was founded. Keeping the pursuit of research, innovation, and excellence at the center, University of M

Presque Isle, Maine 4 years Public

Other Public Colleges

University of California-Irvine is a public university located in Irvine, CA. The university covers an area of 1,527 acres. The University of California-Irvine is part of the University of California group. University of California-Irvine was founded in the year 1965. The motto of the University of

Irvine, California 4 years Public

Great Basin College is a public university located in Elko, Nevada. Taking into account all the courses offered at Great Basin College, the total enrolment stands at 3,852. The school has an academic staff of 226 who teach various courses to the students. Speaking of gender distribution, there are a

Elko, Nevada 4 years Public

Indiana University of Pennsylvania-Main Campus, which is located in Indiana, PA is a public university. Indiana University of Pennsylvania-Main Campus occupies a total area of about 350 acres. In 1875, Indiana University of Pennsylvania-Main Campus was founded. Indiana University of Pennsylvania-Mai

Indiana, Pennsylvania 4 years Public