by our College Data Analytics TeamMost students will never be charged 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 price of attendance at Merced College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will Merced Community College District deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Merced College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Merced College, 88% of entering full-time freshmen got some type of financial assistance around 1237 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $7,480 |
| Institutional grants & scholarships | 0% | $1,075 |
| Federal Pell grants | 67% | $5,818 |
| State/local grants | 88% | $3,042 |
| Federal student loans | 1% | $6,344 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, approximately 64% of the undergraduate population received grant aid that averaged $5,329 (across roughly 7551 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $5,329 |
| Federal Pell grants | 37% | $4,900 |
| Federal student loans | 1% | $6,600 |
Title-IV recipients living on campus saw average grant aid of $9,445.
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 | $3,541 |
| $30,001 – $75,000 | $4,965 |
| Over $75,000 | $9,290 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,040 |
| Off-campus title-IV students | $4,260 |
For an estimate tailored to your family circumstances, see Merced Community College District’s net price tool: misweb.cccco.edu/npc/531/npcalc.htm.
A typical borrower at Merced Community College District leaves with $4,188 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,188 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,150 |
| Independent students | $4,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Merced Community College District.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Merced Community College District:
| Metric | Value |
|---|---|
| Stafford loan recipients | 221 |
| Total Stafford loan amount | $1,374,089 |
References
More about our data sources and methodologies.