by our College Data Analytics TeamMany students are not billed 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-Conway can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will MMC Conway deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Miller-Motte College-Conway.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Miller-Motte College-Conway, 22% of the incoming full-time class was awarded financial aid around 12 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 7% | $2,041 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 7% | $1,991 |
| State/local grants | 4% | $100 |
| Federal student loans | 6% | $2,186 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At MMC Conway, roughly 61% of undergraduate students received gift aid averaging $5,727 (across roughly 138 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $5,727 |
| Federal Pell grants | 52% | $6,207 |
| Federal student loans | 33% | $9,704 |
On-campus students receiving title-IV aid were awarded grants averaging $2,041.
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 | $21,736 |
| $30,001 – $75,000 | $21,365 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $26,161 |
| Off-campus title-IV students | $21,736 |
For a customized cost estimate, visit MMC Conway’s official net price calculator: www.miller-motte.edu/NetPrice/Conway/.
A typical borrower at MMC Conway 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at MMC Conway.
| 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.
Median Debt by Income Bracket
| 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 Conway.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at MMC Conway:
| 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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $3,183 |
| Average GI Bill amount per recipient | $1,061 |
References
More about our data sources and methodologies.