by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
What financial aid options does Merced Community College District offer, and what will you qualify for? Keep scrolling for answers.
$5,833.00 is the typical Merced College’s first year financial aid package. Approximately 85% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Merced College.
In addition to scholarships, 61% of freshman students (862 total) obtained federal grant aid, averaging $5,321.00 a piece.
These grants and scholarships are made up of mainly federal grants, plus some state and local awards.
61% of first-year students at Merced College (862 total) got a federal grant, averaging $5,321.00.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 35.12% | $7,990.00 |
| Income 30k-48k | 14.78% | $7,844.00 |
| Income 48k-75k | 8.80% | $5,659.00 |
| Income 75k-110k | 1.27% | $4,574.00 |
| Income 110k + | 0.07% | $1,564.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
1206 Merced Community College District undergrads obtain grant aid (this is about 85% of the entire undergraduate student population). The average amount these students receive is $5,833.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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