Southern Maine Community College Financial Aid and Scholarships
Students Receiving Aid
53%
Total Aid Amount
$15.097M
Financial Aid Official Website
www.smccme.edu/admissions-aid/financial-aid/
Such schemes include Maine Public Relations Council Scholarship, Maine State Society of Washington D.C. Scholarship, Maine Student Grant, and Maine Veterans Dependent Educational Benefits. As many as 80% of the students at SMCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,040,023 in a year. One can visit SMCC's financial aid page at http://www.smccme.edu/admissions-aid/financial-aid/ for more information. The total percentage of candidates applying to Southern Maine Community College who receive the Federal Grant is 51%. Meanwhile, 67% of the applicants receive the Student Grant and 33% are awarded the Institution Grant, while 51% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,372, while the same comes to $1,491 for State Grant receivers and $1,392 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,148. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Southern Maine Community College, the percentage of candidates who opt to avail of student loans is around 42%.
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