For the academic year 2022-2023, total 107 full-time, first-time students (48% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 56 students (25% of all students) received grants or scholarships and the average grant amount is $5,344. In addition, 107 students received student loans and the average loan amount is $9,584.
Below tables show the number and amount by source of financial aid at MCI.
For all undergraduate students, total 56 students (25% of all students) received grants or scholarships and the average grant amount is $5,344. In addition, 107 students received student loans and the average loan amount is $9,584.
Below tables show the number and amount by source of financial aid at MCI.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 56 | 25% | $5,344 |
| Pell Grants | 56 | 25% | $5,153 |
| Federal Student Loans | 107 | 47% | $9,584 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 107 | 48% | - |
| Grants or Scholarship from All Sources | 56 | 25% | $5,255 |
| Federal Grants | 56 | 25% | $5,153 |
| Pell Grants | 56 | 25% | $5,153 |
| Other Federal Grants | 0 | 0% | $0 |
| State/Local Grants | 1 | 0% | $5,711 |
| Institutional Grants | 0 | 0% | $0 |
| Student Loans | 107 | 48% | $9,584 |
| Federal Student Loans | 107 | 48% | $9,584 |
| Other Student Loans | 0 | 0% | $0 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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