by our College Data Analytics TeamThe majority 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 sum total of attendance at Modesto Junior College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will MJC provide, and just what are you going to be eligible for? Read on for answers. Read on to find out 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 Modesto Junior College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Modesto Junior College, 74% of the incoming full-time class was awarded financial aid (about 1451 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $5,984 |
| Institutional grants & scholarships | 1% | $1,017 |
| Federal Pell grants | 46% | $6,052 |
| State/local grants | 72% | $2,001 |
| Federal student loans | 0% | $5,423 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, some 61% of the undergraduate population received grant aid that averaged $4,557 (across roughly 10485 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $4,557 |
| Federal Pell grants | 32% | $4,711 |
| Federal student loans | 0% | $5,756 |
For students living on campus and receiving title-IV aid, grants averaged $8,669.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,390 |
| $30,001 – $75,000 | $12,214 |
| Over $75,000 | $13,215 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $2,818 |
| Off-campus title-IV students | $10,176 |
For a customized cost estimate, visit MJC’s net price calculator: misweb.cccco.edu/npc/592/npcalc.htm.
Graduating students at MJC carry a median federal student debt of $3,375 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,375 |
The figure below distills the debt data into a single burden category for MJC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at MJC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 88 |
| Total Stafford loan amount | $441,053 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 93 |
| Total GI Bill amount | $79,041 |
| Average GI Bill amount per recipient | $850 |
References
More about our data sources and methodologies.