$5,461

Avg. Federal Grant

N/A

Avg. Federal Loan

$7,811,054

Total Aid Awarded

Southwest Mississippi Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$7.811M

Financial Aid Official Website

www.smcc.edu/financial-aid/financial-aid.php

Students can avail of scholarships provided by the college, such as Aura Neely-Gary Memorial Scholarship Fund, if they find educational expenses to be on the higher side. As many as 95% of the students at SMCC receive some kind of financial aid, shows the latest data. More information regarding the financial assistance schemes can be accessed on SMCC’s official financial aid page at http://www.smcc.edu/financial-aid/financial-aid.php. Notably, a total of 70% of the applicants to Southwest Mississippi Community College receive the Federal Grant every year. Meanwhile, 95% of the applicants receive the Student Grant and 48% are awarded the Institution Grant, while 70% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,208, while the same comes to $622 for State Grant receivers and $2,734 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,976. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

72%

State Grant Aid

23%

Institution Grant Aid

49%

Pell Grant

72%

Average Aid Awarded

Federal Grant Aid

$5,461

State Grant Aid

$616

Institution Grant Aid

$2,638

Pell Grant

$5,361

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,593

$30,001 - $48,000

$6,077

$48,001 - $75,000

$4,609

$75,001 - $110,000

N/A

Over $110,000

N/A

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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