by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Interested in understanding the financial aid resources available at Malcolm X College and your eligibility? Find the answers you seek below.
$5,639.00 is the typical City Colleges of Chicago - Malcolm X College’s first year financial aid package. About 86% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at City Colleges of Chicago - Malcolm X College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers listed below make reference to help that is offered by City Colleges of Chicago - Malcolm X College.
20% of new students (190 total) were given scholarships at City Colleges of Chicago - Malcolm X College, averaging $3,536.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 71% of first-year students (674 total) got federal grant aid, averaging $4,898.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 50.90% | $6,169.00 |
| Income 30k-48k | 15.48% | $5,709.00 |
| Income 48k-75k | 4.67% | $3,685.00 |
| Income 75k-110k | 0.53% | $2,317.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
86% of the 943 undergraduates at City Colleges of Chicago - Malcolm X College receive some sort of grant aid. This is a total of about 805 students getting an average of $5,639.00 per person.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
