by our College Data Analytics TeamThe majority of students are not billed 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 Miami Dade College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will MDC offer you, and what will you qualify for? Read on for more information. Read on to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Miami Dade College.
Financial 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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Miami Dade College, 86% of new full-time first-years were awarded at least some aid around 5588 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $7,216 |
| Institutional grants & scholarships | 27% | $3,024 |
| Federal Pell grants | 67% | $7,076 |
| State/local grants | 26% | $1,863 |
| Federal student loans | 1% | $4,930 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At MDC, some 65% of undergraduate students received gift aid averaging $5,779 (among about 25360 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 65% | $5,779 |
| Federal Pell grants | 50% | $5,655 |
| Federal student loans | 3% | $6,315 |
For students living on campus and receiving title-IV aid, grants averaged $8,104.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,459 |
| $30,001 – $75,000 | $7,193 |
| Over $75,000 | $9,644 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $5,463 |
| Off-campus title-IV students | $5,929 |
To get a personalized net price estimate, try MDC’s NPC: www.mdc.edu/netpricecalculator/npcalc.htm.
The middle student in the debt distribution at MDC owes $7,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,500 |
| Median federal debt (graduates only) | $9,252 |
| Typical 10-year monthly payment (graduates) | $98.09/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at MDC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,500 |
| 75th percentile | $14,500 |
| 90th percentile (highest-debt students) | $27,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,500 |
| Middle income | $5,847 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,500 |
| Continuing-generation students | $6,820 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for MDC.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at MDC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 43512 |
| Total Stafford loan amount | $545,877,959 |
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 | 634 |
| Total GI Bill amount | $1,722,375 |
| Average GI Bill amount per recipient | $2,717 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 153 |
| Total DoD amount | $142,751 |
| Average DoD amount per recipient | $933 |
References
More about our data sources and methodologies.