Number Received Financial Aid (All Undergraduate)
106
Percent Received Financial Aid(All Undergraduate)
40%
Average Aid Amount
$5,435
Number Received Financial Aid (Freshmen)
106
Percent Received Financial Aid (Freshmen)
40%
Financial Aid Information at MCI
For the academic year 2023-2024, a total of 106 students (40% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $5,435. For freshmen (Full-time, first-time degree-seeking undergraduate students), 106 students (40% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at MCI is $17,775, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 106 students (40% of all students) have received grants or scholarships and the average received aid amount is $5,435. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at MCI for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 106 | 40% | $5,435 |
| Pell Grants | 71 | 27% | $5,700 |
| Federal Student Loans | 100 | 37% | $11,707 |
Beginning Students Financial Aid
a total of 106 beginning students (40% of all freshmen) have received any financial aid and 106 students (40% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at MCI.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 106 | 40% | - |
| Grants or Scholarship from All Sources | 106 | 40% | $4,932 |
| Federal Grants | 79 | 30% | $5,421 |
| Pell Grants | 71 | 27% | $5,221 |
| Other Federal Grants | 34 | 13% | $1,694 |
| State/Local Grants | 5 | 2% | $6,036 |
| Institutional Grants | 106 | 40% | $607 |
| Student Loans | 100 | 38% | $10,000 |
| Federal Student Loans | 100 | 38% | $10,000 |
| Other Student Loans | 0 | 0% | - |
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