Number Received Financial Aid (All Undergraduate)
56
Percent Received Financial Aid(All Undergraduate)
25%
Average Aid Amount
$5,344
Number Received Financial Aid (Freshmen)
107
Percent Received Financial Aid (Freshmen)
48%
Financial Aid Information at MCI
For the academic year 2021-2022, a total of 56 students (25% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $5,344. For freshmen (Full-time, first-time degree-seeking undergraduate students), 107 students (48% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at MCI is $17,775, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 56 students (25% of all students) have received grants or scholarships and the average received aid amount is $5,344. 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 | 56 | 25% | $5,344 |
| Pell Grants | 56 | 25% | $5,153 |
| Federal Student Loans | 107 | 47% | $9,584 |
Beginning Students Financial Aid
a total of 107 beginning students (48% of all freshmen) have received any financial aid and 107 students (48% 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 | 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 |
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