by our College Data Analytics TeamThe majority of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Monterey Peninsula College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Monterey Peninsula College offer you, and what will you qualify for? Read on for more information. Keep scrolling 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. The information provided on this page can help you determine how much aid you may receive from Monterey Peninsula College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Monterey Peninsula College, 85% of the incoming full-time class was awarded financial aid (about 459 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $5,088 |
| Institutional grants & scholarships | 13% | $1,128 |
| Federal Pell grants | 45% | $5,297 |
| State/local grants | 83% | $1,992 |
| Federal student loans | 1% | $6,248 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 44% of undergraduates were awarded an average grant or scholarship of $3,802 (across roughly 3216 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $3,802 |
| Federal Pell grants | 19% | $4,228 |
| Federal student loans | 1% | $7,030 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,232.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,699 |
| $30,001 – $75,000 | $14,160 |
| Over $75,000 | $18,815 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $11,373 |
| Off-campus title-IV students | $13,498 |
For a personalized estimate based on your family’s financial situation, use Monterey Peninsula College’s net price calculator: www.mpc.edu/financial-aid/getting-started/net-price-calculator.
Graduating students at Monterey Peninsula College carry a median federal student debt of $8,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,250 |
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 Monterey Peninsula College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,416 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $20,000 |
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 | $9,500 |
| Middle income | $8,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Monterey Peninsula College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Monterey Peninsula College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2287 |
| Total Stafford loan amount | $26,557,935 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.