by our College Data Analytics TeamThe total cost of attendance at Monroe County Community College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Monroe County Community College.
Monroe County Community College average financial aid offer for freshmen students is $3,911.00. Financial aid is provided to about 84% of first-year students, with the bulk of support coming in the form of loans.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Monroe County Community College you could end up dealing with.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Monroe County Community College.
45% of new students (129 total) were offered scholarships at Monroe County Community College, averaging $2,016.00 per person. This puts it in the bottom 50th percentile among colleges and universities nationwide.
As well as scholarships, 42% of freshmen (119 total) obtained a federal grant, for about $4,233.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.21% | $5,917.00 |
| Income 30k-48k | 8.42% | $4,716.00 |
| Income 48k-75k | 4.21% | $4,097.00 |
| Income 75k-110k | 3.86% | $1,915.00 |
| Income 110k + | 1.05% | $234.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 285 undergraduate students at Monroe County Community College around 84% (210 total) receive some form of grant aid. The typical amount awarded was $3,911.00.The majority of which come in the form of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
