by our College Data Analytics TeamA lot of 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 price tag of going to Mercer County Community College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Mercer County Community College deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Mercer County Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Mercer County Community College, 66% of the incoming full-time class was awarded financial aid approximately 478 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,791 |
| Institutional grants & scholarships | 8% | $1,864 |
| Federal Pell grants | 49% | $5,677 |
| State/local grants | 39% | $3,003 |
| Federal student loans | 18% | $5,129 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Mercer County Community College, roughly 39% of undergraduates were awarded an average grant or scholarship of $4,967 (for some 2417 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $4,967 |
| Federal Pell grants | 30% | $4,140 |
| Federal student loans | 13% | $5,773 |
Title-IV recipients living on campus saw average grant aid of $7,266.
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 | $4,150 |
| $30,001 – $75,000 | $5,589 |
| Over $75,000 | $11,161 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $5,279 |
| Off-campus title-IV students | $5,342 |
For a personalized estimate based on your family’s financial situation, use Mercer County Community College’s online cost calculator: www.mccc.edu/admissions_financial_calculator.shtml.
The median student at Mercer County Community College graduates with $7,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,000 |
| Median federal debt (graduates only) | $10,500 |
| Typical 10-year monthly payment (graduates) | $111.32/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Mercer County Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $2,750 |
| 75th percentile | $9,480 |
| 90th percentile (highest-debt students) | $15,355 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,000 |
| Middle income | $5,500 |
| High income | $7,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,000 |
| Continuing-generation students | $6,475 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Mercer County Community College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Mercer County Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7674 |
| Total Stafford loan amount | $69,813,938 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 376 |
| Total GI Bill amount | $15,361,159 |
| Average GI Bill amount per recipient | $40,854 |
References
More about our data sources and methodologies.