by our College Data Analytics TeamMany students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Mount Wachusett Community College can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can MWCC offer you, and what will you qualify for? Keep reading for more information. Keep reading to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Mount Wachusett Community College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Mount Wachusett Community College, 84% of entering full-time freshmen got some type of financial assistance approximately 229 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $8,069 |
| Institutional grants & scholarships | 41% | $911 |
| Federal Pell grants | 59% | $5,785 |
| State/local grants | 70% | $3,188 |
| Federal student loans | 24% | $4,534 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, roughly 60% of undergraduates were awarded grant or scholarship aid averaging $6,267 (covering around 1909 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $6,267 |
| Federal Pell grants | 44% | $5,213 |
| Federal student loans | 17% | $4,762 |
Title-IV recipients living on campus saw average grant aid of $7,556.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,939 |
| $30,001 – $75,000 | $6,646 |
| Over $75,000 | $12,814 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,931 |
| Off-campus title-IV students | $8,651 |
For a customized cost estimate, visit MWCC’s net price tool: mwcc.edu/about-mwcc/public-disclosure/net-price-calculator/.
Graduating students at MWCC carry a median federal student debt of $5,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $10,252 |
| Typical 10-year monthly payment (graduates) | $108.69/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at MWCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $941 |
| 25th percentile | $1,837 |
| 75th percentile | $8,564 |
| 90th percentile (highest-debt students) | $15,250 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,509 |
| Middle income | $5,500 |
| High income | $6,444 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,227 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. MWCC.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at MWCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8645 |
| Total Stafford loan amount | $65,432,792 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 52 |
| Total GI Bill amount | $213,123 |
| Average GI Bill amount per recipient | $4,099 |
References
More about our data sources and methodologies.