by our College Data Analytics TeamMost students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Fulton-Montgomery Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financing options does FM offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Fulton-Montgomery Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Fulton-Montgomery Community College, 79% of the incoming full-time class was awarded financial aid around 178 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $7,306 |
| Institutional grants & scholarships | 29% | $724 |
| Federal Pell grants | 59% | $5,470 |
| State/local grants | 57% | $3,129 |
| Federal student loans | 31% | $5,101 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 34% of undergrads got grants or scholarships worth on average $6,194 (covering around 591 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 34% | $6,194 |
| Federal Pell grants | 27% | $4,876 |
| Federal student loans | 17% | $6,130 |
For students living on campus and receiving title-IV aid, grants averaged $7,530.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,225 |
| $30,001 – $75,000 | $7,871 |
| Over $75,000 | $12,572 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,696 |
| Off-campus title-IV students | $7,803 |
To project your own net price, use FM’s NPC: www.fmcc.edu/admissions-aid/affordability.
A typical borrower at FM leaves with $8,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,500 |
| Median federal debt (graduates only) | $12,125 |
| Typical 10-year monthly payment (graduates) | $128.55/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at FM.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,314 |
| 25th percentile | $4,083 |
| 75th percentile | $13,200 |
| 90th percentile (highest-debt students) | $20,768 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,666 |
| Middle income | $8,746 |
| High income | $8,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,750 |
| Continuing-generation students | $7,161 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,683 |
| Independent students | $10,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at FM.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at FM:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7659 |
| Total Stafford loan amount | $88,485,086 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $68,648 |
| Average GI Bill amount per recipient | $4,038 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $2,688 |
| Average DoD amount per recipient | $2,688 |
References
More about our data sources and methodologies.