by our College Data Analytics TeamA lot 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 price tag of going to Marshalltown Community College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Marshalltown Community College offer, and what will you qualify for? Keep reading for more information. Scroll down to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Marshalltown Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Marshalltown Community College, 90% of first-time, full-time freshmen received some form of financial aid (about 283 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $5,690 |
| Institutional grants & scholarships | 58% | $2,248 |
| Federal Pell grants | 47% | $5,381 |
| State/local grants | 20% | $4,375 |
| Federal student loans | 19% | $4,697 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 38% of undergrads got grants or scholarships worth on average $6,250 (among about 705 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 38% | $6,250 |
| Federal Pell grants | 22% | $5,067 |
| Federal student loans | 11% | $5,346 |
On-campus students receiving title-IV aid were awarded grants averaging $6,366.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,882 |
| $30,001 – $75,000 | $6,893 |
| Over $75,000 | $9,866 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,059 |
| Off-campus title-IV students | $7,144 |
For an estimate tailored to your family circumstances, see Marshalltown Community College’s official net price calculator: mcc.iavalley.edu/admissions/financial-aid/tuition-fees/.
The median federal debt load at Marshalltown Community College comes to $5,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Marshalltown Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,750 |
| 75th percentile | $11,625 |
| 90th percentile (highest-debt students) | $19,688 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,688 |
| Middle income | $6,188 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,688 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Marshalltown Community College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Marshalltown Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5490 |
| Total Stafford loan amount | $57,936,942 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $37,016 |
| Average GI Bill amount per recipient | $4,627 |
References
More about our data sources and methodologies.