by our College Data Analytics TeamA large number 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 sum total of attendance at Miller-Motte College-Chattanooga can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can MMC Chattanooga provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to find out just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Miller-Motte College-Chattanooga.
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 Miller-Motte College-Chattanooga, 90% of new full-time first-years were awarded at least some aid approximately 1230 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $6,284 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 88% | $6,134 |
| State/local grants | 39% | $337 |
| Federal student loans | 80% | $8,220 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, approximately 87% of undergraduates were awarded an average grant or scholarship of $7,307 (covering around 4956 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $7,307 |
| Federal Pell grants | 86% | $7,032 |
| Federal student loans | 80% | $9,952 |
Title-IV recipients living on campus saw average grant aid of $5,245.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $25,225 |
| $30,001 – $75,000 | $25,417 |
| Over $75,000 | $26,797 |
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 | $23,958 |
| Off-campus title-IV students | $25,266 |
For a personalized estimate based on your family’s financial situation, use MMC Chattanooga’s net price calculator: www.miller-motte.edu/NetPrice/Chattanooga/.
A typical borrower at MMC Chattanooga leaves with $10,661 of federal borrowing.
| 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 |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at MMC Chattanooga.
| 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.
Median Debt by Income Bracket
| 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 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $11,943 |
These indicators are derived from the underlying debt data and summarize the overall picture at MMC Chattanooga.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at MMC Chattanooga:
| Metric | Value |
|---|---|
| Stafford loan recipients | 126669 |
| Total Stafford loan amount | $1,878,020,953 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 85 |
| Total GI Bill amount | $739,872 |
| Average GI Bill amount per recipient | $8,704 |
References
More about our data sources and methodologies.