by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Miller-Motte College-Columbus can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will MMC Columbus deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Miller-Motte College-Columbus.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Miller-Motte College-Columbus, 92% of new full-time first-years were awarded at least some aid (about 61 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $6,129 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 92% | $5,974 |
| State/local grants | 56% | $254 |
| Federal student loans | 85% | $7,389 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at MMC Columbus, around 95% of the undergraduate population received grant aid that averaged $7,418 (for some 376 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $7,418 |
| Federal Pell grants | 95% | $7,200 |
| Federal student loans | 90% | $10,029 |
Title-IV recipients living on campus saw average grant aid of $5,935.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $21,276 |
| Over $75,000 | $26,891 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,179 |
| Off-campus title-IV students | $21,407 |
For a personalized estimate based on your family’s financial situation, use MMC Columbus’s online cost calculator: www.miller-motte.edu/NetPrice/Columbus/.
Graduating students at MMC Columbus carry a median federal student debt of $10,661 of cumulative federal debt.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at MMC Columbus.
| 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 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
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 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $11,943 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. MMC Columbus.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at MMC Columbus:
| 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 | 23 |
| Total GI Bill amount | $190,776 |
| Average GI Bill amount per recipient | $8,295 |
References
More about our data sources and methodologies.