by our College Data Analytics TeamA large number 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 sum total of attendance at Montgomery County Community College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Montco deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to see what amount of financial assistance could be accessible 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 Montgomery County Community College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Montgomery County Community College, 63% of entering full-time freshmen got some type of financial assistance approximately 574 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $6,147 |
| Institutional grants & scholarships | 12% | $1,630 |
| Federal Pell grants | 41% | $5,650 |
| State/local grants | 20% | $1,997 |
| Federal student loans | 28% | $4,773 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 39% of undergraduate students received gift aid averaging $4,382 (for some 3452 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 39% | $4,382 |
| Federal Pell grants | 29% | $4,098 |
| Federal student loans | 22% | $5,878 |
On-campus students receiving title-IV aid were awarded grants averaging $5,109.
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 | $7,651 |
| $30,001 – $75,000 | $9,297 |
| Over $75,000 | $14,005 |
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 | $11,124 |
| Off-campus title-IV students | $9,930 |
To get a personalized net price estimate, try Montco’s official net price calculator: www.mc3.edu/paying-for-college/tuition-and-other-costs/net-price-calculator.
Graduating students at Montco carry a median federal student debt of $7,250 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,250 |
| Median federal debt (graduates only) | $12,349 |
| Typical 10-year monthly payment (graduates) | $130.92/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Montco.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,883 |
| 25th percentile | $3,067 |
| 75th percentile | $11,461 |
| 90th percentile (highest-debt students) | $19,285 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,250 |
| Middle income | $6,428 |
| High income | $7,074 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,748 |
| Continuing-generation students | $5,821 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Montco.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Montco:
| Metric | Value |
|---|---|
| Stafford loan recipients | 24940 |
| Total Stafford loan amount | $275,436,580 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 113 |
| Total GI Bill amount | $379,633 |
| Average GI Bill amount per recipient | $3,360 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 18 |
| Total DoD amount | $48,289 |
| Average DoD amount per recipient | $2,683 |
References
More about our data sources and methodologies.