by our College Data Analytics TeamThe majority of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Miller-Motte College-Raleigh can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financing solutions does MMC Raleigh deliver, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Miller-Motte College-Raleigh.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Miller-Motte College-Raleigh, 95% of the incoming full-time class was awarded financial aid some 159 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $4,857 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 88% | $4,791 |
| State/local grants | 21% | $274 |
| Federal student loans | 90% | $6,194 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At MMC Raleigh, some 83% of undergraduates were awarded grant or scholarship aid averaging $5,293 (among about 342 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $5,293 |
| Federal Pell grants | 81% | $5,070 |
| Federal student loans | 83% | $6,811 |
On-campus students receiving title-IV aid were awarded grants averaging $5,435.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,131 |
| $30,001 – $75,000 | $17,162 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,736 |
| Off-campus title-IV students | $21,075 |
For an estimate tailored to your family circumstances, see MMC Raleigh’s NPC: www.miller-motte.edu/NetPrice/Raleigh/.
The middle student in the debt distribution at MMC Raleigh owes $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 |
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 MMC Raleigh.
| 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 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,657 |
| Middle income | $11,457 |
| High income | $9,111 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,587 |
| Continuing-generation students | $12,139 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $11,943 |
A handful of calculated indicators summarize the debt outlook at MMC Raleigh.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at MMC Raleigh:
| 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 | 1 |
| Total GI Bill amount | $8,400 |
| Average GI Bill amount per recipient | $8,400 |
References
More about our data sources and methodologies.