by our College Data Analytics TeamA lot of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Moraine Valley Community College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will MVCC offer, and what will you qualify for? Read on for more information. Keep going to discover 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 Moraine Valley 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. 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 Moraine Valley Community College, 66% of the incoming full-time class was awarded financial aid roughly 858 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $10,825 |
| Institutional grants & scholarships | 11% | $4,109 |
| Federal Pell grants | 52% | $9,392 |
| State/local grants | 46% | $2,303 |
| Federal student loans | 5% | $4,889 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at MVCC, roughly 51% of undergrads got grants or scholarships worth on average $6,762 (across roughly 5645 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $6,762 |
| Federal Pell grants | 28% | $9,220 |
| Federal student loans | 3% | $5,079 |
Title-IV recipients living on campus saw average grant aid of $11,142.
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 | $1,742 |
| $30,001 – $75,000 | $11,921 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $2,829 |
| Off-campus title-IV students | $1,771 |
For an estimate tailored to your family circumstances, see MVCC’s net price tool: netcalc.apps.morainevalley.edu/.
A typical borrower at MVCC leaves with $5,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at MVCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,750 |
| 75th percentile | $10,000 |
| 90th percentile (highest-debt students) | $17,967 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,575 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,274 |
These indicators are derived from the underlying debt data and summarize the overall picture at MVCC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at MVCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8663 |
| Total Stafford loan amount | $82,164,196 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 66 |
| Total GI Bill amount | $175,752 |
| Average GI Bill amount per recipient | $2,663 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 10 |
| Total DoD amount | $28,763 |
| Average DoD amount per recipient | $2,876 |
References
More about our data sources and methodologies.