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 Montcalm Community College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Montcalm Community College offer you, and what will you qualify for? Read on for more information. Keep scrolling to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Montcalm Community College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Montcalm Community College, 100% of first-time, full-time freshmen received some form of financial aid some 88 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,043 |
| Institutional grants & scholarships | 42% | $585 |
| Federal Pell grants | 57% | $4,972 |
| State/local grants | 57% | $3,364 |
| Federal student loans | 15% | $5,283 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 45% of undergraduates were awarded grant or scholarship aid averaging $5,824 (covering around 717 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $5,824 |
| Federal Pell grants | 30% | $3,614 |
| Federal student loans | 12% | $5,685 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,422.
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 | $3,151 |
| $30,001 – $75,000 | $4,906 |
| Over $75,000 | $8,601 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $7,280 |
| Off-campus title-IV students | $4,352 |
For a customized cost estimate, visit Montcalm Community College’s online cost calculator: www.montcalm.edu/financial-aid.
The median federal debt load at Montcalm Community College comes to $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $16,500 |
| Typical 10-year monthly payment (graduates) | $174.93/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Montcalm Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $2,750 |
| 75th percentile | $13,500 |
| 90th percentile (highest-debt students) | $25,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,000 |
| Middle income | $9,375 |
| High income | $7,377 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,491 |
| Continuing-generation students | $6,335 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,224 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for Montcalm Community College.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Montcalm Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4098 |
| Total Stafford loan amount | $50,318,078 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 13 |
| Total GI Bill amount | $28,755 |
| Average GI Bill amount per recipient | $2,212 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,232 |
| Average DoD amount per recipient | $1,232 |
References
More about our data sources and methodologies.