by our College Data Analytics TeamA large number of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Macomb Community College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does Macomb Community College provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to learn just how much financial aid will 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. Read on to get a sense of the financial assistance available at Macomb Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Macomb Community College, 71% of entering full-time freshmen got some type of financial assistance (about 1124 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $9,424 |
| Institutional grants & scholarships | 55% | $3,828 |
| Federal Pell grants | 51% | $5,469 |
| State/local grants | 36% | $3,717 |
| Federal student loans | 14% | $3,338 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Macomb Community College, around 48% of the undergraduate population received grant aid that averaged $8,873 (covering around 7601 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 48% | $8,873 |
| Federal Pell grants | 34% | $5,146 |
| Federal student loans | 9% | $3,259 |
On-campus students receiving title-IV aid were awarded grants averaging $10,294.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,444 |
| $30,001 – $75,000 | $6,205 |
| Over $75,000 | $9,975 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $1,618 |
| Off-campus title-IV students | $5,725 |
For a personalized estimate based on your family’s financial situation, use Macomb Community College’s NPC: www.macomb.edu/admissions-aid/paying-for-college/net-price-calculator.html.
The median federal debt load at Macomb Community College comes to $3,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,500 |
| Median federal debt (graduates only) | $6,000 |
| Typical 10-year monthly payment (graduates) | $63.61/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Macomb Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $950 |
| 25th percentile | $1,688 |
| 75th percentile | $5,250 |
| 90th percentile (highest-debt students) | $9,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $3,497 |
| Middle income | $3,500 |
| High income | $4,300 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $3,500 |
| Continuing-generation students | $3,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $3,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Macomb Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Macomb Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20194 |
| Total Stafford loan amount | $92,669,164 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 179 |
| Total GI Bill amount | $382,604 |
| Average GI Bill amount per recipient | $2,137 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 9 |
| Total DoD amount | $5,782 |
| Average DoD amount per recipient | $642 |
References
More about our data sources and methodologies.