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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$4,894.00 is the typical Mid-Plains Community College’s first year financial aid package. About 93% of first year students receive financial aid, most of which is in the form of 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 should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Mid-Plains Community College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers apply to scholarships and grants largely offered by the school itself.
71% of incoming freshmen (234 total) were awarded scholarships at Mid-Plains Community College, averaging $3,437.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 41% of first-year students (137 total) got a federal grant, for about $5,854.00 per person.
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 | 21.15% | $7,459.00 |
| Income 30k-48k | 7.55% | $7,326.00 |
| Income 48k-75k | 8.46% | $4,766.00 |
| Income 75k-110k | 6.95% | $1,562.00 |
| Income 110k + | 2.42% | $1,706.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 331 undergraduate students at Mid-Plains Community College around 93% (280 total) receive some form of grant aid. The typical amount awarded was $4,894.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.