Number Received Financial Aid (All Undergraduate)
2,825
Percent Received Financial Aid(All Undergraduate)
45%
Average Aid Amount
$5,184
Number Received Financial Aid (Freshmen)
405
Percent Received Financial Aid (Freshmen)
82%
Financial Aid Information at Monterey Peninsula
For the academic year 2023-2024, a total of 2,825 students (45% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $5,184. For freshmen (Full-time, first-time degree-seeking undergraduate students), 405 students (82% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Monterey Peninsula College is $1,188 for California residents and $10,532 for out-of-state students, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 2,825 students (45% of all students) have received grants or scholarships and the average received aid amount is $5,184. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Monterey Peninsula College 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 | 2,825 | 45% | $5,184 |
| Pell Grants | 1,220 | 19% | $4,101 |
| Federal Student Loans | 73 | 1% | $7,592 |
Beginning Students Financial Aid
a total of 405 beginning students (82% of all freshmen) have received any financial aid and 405 students (82% 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 Monterey Peninsula College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 405 | 82% | - |
| Grants or Scholarship from All Sources | 403 | 82% | $6,569 |
| Federal Grants | 250 | 51% | $6,492 |
| Pell Grants | 210 | 43% | $4,920 |
| Other Federal Grants | 195 | 40% | $3,024 |
| State/Local Grants | 389 | 79% | $2,484 |
| Institutional Grants | 50 | 10% | $1,162 |
| Student Loans | 9 | 2% | $6,462 |
| Federal Student Loans | 9 | 2% | $6,462 |
| Other Student Loans | 0 | 0% | - |
Student Headcounts by Tuition Rates
For academic year 2023-2024, total 459 have paid in-state tuition rates (93% of undergraduate students) and 33 students (7%) have paid the tuition & fee based on out-of-state rates at Monterey Peninsula College.
| Type of Tuition Rate | Number of Students | Percent | Tuition & Fees |
|---|---|---|---|
| In-State Rate | 459 | 93% | $1,188 |
| Out-of-State Rate | 33 | 7% | $10,532 |
Students Headcount by Living Status
For academic year 2023-2024, total 391 full-time beginning students have enrolled and attended Monterey Peninsula College. Among them, 0 students have lived on campus and 162 students lived off campus (without family). The following table shows the students count by living status and years.
| Living Status | 2021 | 2022 | 2023 |
|---|---|---|---|
| Living On-Campus | 0 | 0 | 0 |
| Living Off-Campus with Family | 230 | 208 | 218 |
| Living Off-Campus without Family | 137 | 91 | 162 |
Grants and Scholarship Aid By Income Level (Paying In-State Tuition)
The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2023-2024 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 210 | 210 | $1,783,982 | $8,495 |
| $0 - $30,000 | 104 | 104 | $1,014,173 | $9,752 |
| $30,001 - $48,000 | 58 | 58 | $491,475 | $8,474 |
| $48,001 - $75,000 | 35 | 35 | $237,015 | $6,772 |
| $75,001 - $110,000 | 10 | 10 | $32,426 | $3,243 |
| $110,001 or more | 3 | 3 | $8,893 | $2,964 |
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