by our College Data Analytics TeamThe majority of students will never be charged 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 cost of going to Monroe Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can Monroe Community College provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down 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. Read on to get a sense of the financial assistance available at Monroe Community College.
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 Monroe Community College, 79% of entering full-time freshmen got some type of financial assistance some 1221 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $8,105 |
| Institutional grants & scholarships | 18% | $1,766 |
| Federal Pell grants | 61% | $6,028 |
| State/local grants | 69% | $2,845 |
| Federal student loans | 30% | $5,002 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Monroe Community College, approximately 61% of undergraduates were awarded an average grant or scholarship of $7,461 (across approximately 5165 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $7,461 |
| Federal Pell grants | 50% | $5,230 |
| Federal student loans | 30% | $6,265 |
On-campus students receiving title-IV aid were awarded grants averaging $8,253.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,577 |
| $30,001 – $75,000 | $7,438 |
| Over $75,000 | $12,405 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,353 |
| Off-campus title-IV students | $6,569 |
For an estimate tailored to your family circumstances, see Monroe Community College’s net price calculator: www.suny.edu/howmuch/netpricecalculator.xhtml?embed=n&headerUrl=www.monroecc.edu/images/header_images/mcc_home_header_01.gif&bgColor=FCF.
Graduating students at Monroe Community College carry a median federal student debt of $6,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,500 |
| Median federal debt (graduates only) | $9,750 |
| Typical 10-year monthly payment (graduates) | $103.37/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Monroe Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,786 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $18,549 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,762 |
| Middle income | $6,250 |
| High income | $6,038 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,750 |
| Continuing-generation students | $5,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,607 |
| Independent students | $8,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Monroe Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Monroe Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 50014 |
| Total Stafford loan amount | $546,456,879 |
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 | 0 |
| Total GI Bill amount | $0 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.
