by our College Data Analytics TeamMost students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Merritt College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Merritt College deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to discover just how much financial aid could be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Merritt College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Merritt College, 72% of entering full-time freshmen got some type of financial assistance some 86 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $4,972 |
| Institutional grants & scholarships | 69% | $280 |
| Federal Pell grants | 39% | $5,079 |
| State/local grants | 61% | $1,619 |
| Federal student loans | 2% | $6,434 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Merritt College, around 57% of undergraduates were awarded grant or scholarship aid averaging $1,990 (for some 3827 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $1,990 |
| Federal Pell grants | 11% | $4,443 |
| Federal student loans | 1% | $7,333 |
For students living on campus and receiving title-IV aid, grants averaged $7,403.
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 | $13,947 |
| $30,001 – $75,000 | $15,207 |
| Over $75,000 | $18,127 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $14,021 |
| Off-campus title-IV students | $14,742 |
To project your own net price, use Merritt College’s NPC: misweb.cccco.edu/npc/344/npcalc.htm.
The median federal debt load at Merritt College comes to $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Merritt College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $4,500 |
| 75th percentile | $16,000 |
| 90th percentile (highest-debt students) | $23,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,000 |
| Independent students | $10,475 |
The figure below distills the debt data into a single burden category for Merritt College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Merritt College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1469 |
| Total Stafford loan amount | $17,097,073 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.