The Importance of Understanding Financial Aid for You
Did you know financial aid accessibility is based on several criteria? Below you will learn more on just how much financial aid and scholarships you can expect from Colorado Mountain College.
What is in a Normal Financial Aid Deal at Colorado Mountain College
Colorado Mountain College's typical financial aid offer for newly arriving freshmen is $10,016. Approximately 38.0% of first year students get some kind of financial aid, most of which is loans.
Financial aid helps lower the cost, or the "sticker" price of the institution. However, bear in mind that the only true college discount are scholarships & grants.
Uneasy about the debt that may be included in your financing offer? Look at the average amount of debt per student at Colorado Mountain College.
How Much Aid Is Offered That I Don't Have to Repay? (A.K.A. Scholarships & Grants)
The stats and the graph following reference primarily grants from federal sources, as well as some local and state grants. 28.0% of freshman students at Colorado Mountain College (109 total) got a federal grant, averaging $4,314. In addition to grants, 8.0% of freshman students (32 total) were given scholarships by the college, totaling $1,285 per student.
The graph directly below reveals the usual volume of grant and scholarship aid distributed to all freshmen.
Scholarships are awarded based on merit or special ability, while grants are need based.
Financial Aid per Family Income
The table following displays scholarship and grant distributions by family income for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.2% | $6,253 |
| Income 30k-48k | 5.6% | $6,273 |
| Income 48k-75k | 3.5% | $3,979 |
| Income 75k-110k | 5.3% | $959 |
| Income 110k + | 4.6% | $194 |
The chart above shows students who are getting Title IV aid which is federal aid from the government including loans, grants or work-study. Learn more.
$4,314 is the Typical Total an Undergraduate Will Get in Scholarships or Grants
1,225 Colorado Mountain College students receive grants (this is about 21.0% of the overall student population). The usual amount these students receive is $4,314 The most of which are in the form of Pell Grants.
Financial Aid Links from Colorado Mountain College
| Financial Aid Department Website | coloradomtn.edu/admissions/financial_aid/ |
| Net Price Calculator | coloradomtn.edu/admissions/tuition_costs/ |
