by our College Data Analytics TeamA lot 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 total cost of going to Miller-Motte College-Fayetteville can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can MMC Fayetteville provide, and just what are you going to be eligible for? Keep reading for answers. Read on to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Miller-Motte College-Fayetteville.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Miller-Motte College-Fayetteville, 76% of the incoming full-time class was awarded financial aid some 124 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,032 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 67% | $4,973 |
| State/local grants | 16% | $250 |
| Federal student loans | 67% | $6,245 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At MMC Fayetteville, around 73% of undergraduates were awarded grant or scholarship aid averaging $5,527 (among about 278 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $5,527 |
| Federal Pell grants | 70% | $5,595 |
| Federal student loans | 72% | $7,626 |
For on-campus title-IV students, average grant aid came to $4,793.
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 | $26,409 |
| Off-campus title-IV students | $20,468 |
For an estimate tailored to your family circumstances, see MMC Fayetteville’s official net price calculator: www.miller-motte.edu/NetPrice/Fayetteville/.
The median federal debt load at MMC Fayetteville comes to $10,661 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,661 |
| Median federal debt (graduates only) | $15,917 |
| Typical 10-year monthly payment (graduates) | $168.75/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at MMC Fayetteville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,530 |
| 25th percentile | $6,333 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $16,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,657 |
| Middle income | $11,457 |
| High income | $9,111 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,587 |
| Continuing-generation students | $12,139 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $11,943 |
A handful of calculated indicators summarize the debt outlook at MMC Fayetteville.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at MMC Fayetteville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 126669 |
| Total Stafford loan amount | $1,878,020,953 |
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 activity
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $162,033 |
| Average GI Bill amount per recipient | $7,365 |
References
More about our data sources and methodologies.