Financial Aid at MCI Institute of NJ
Financial Aid Amount Received
$6,464 (17.89% of tuition)
Percent of Financial Aid Received
36% of 150 students
100 undergraduate students (42% of all students) have received grants, scholarships, and/or federal student loans at MCI Institute of NJ. The percentage of students who received financial aid lower compared to Private (for-profit), 2-4 Years Colleges in New Jersey.
Compared to similar schools in rankings such as Fortis Institute-Wayne and Adult and Continuing Education-BCTS, the percentage of students who received financial aid is lower (the average of the schools is 64.20%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,644 and the average loan amount is $9,537. The average financial aid amount is 17.89% of tuition & fees (tuition & fees: $36,125).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 100 | 42% | $464,428 | $4,644 |
| Pell Grants | 100 | 42% | $464,428 | $4,644 |
| Federal Students Loans | 117 | 50% | $1,115,830 | $9,537 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 9 students have received one or more types of financial aid at MCI Institute of NJ.
The average amount of federal, state, local or institutional grant aid is $5,505 and the average amount of student loans awarded to full-time first-time undergraduate students is $4,957.
The following table shows the financial data by type of aid at MCI Institute of NJ.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 12 | 21% | - | - |
| Grant or scholarship aid | 9 | 16% | $49,541 | $5,505 |
| Federal Grants | 9 | 16% | $49,541 | $5,505 |
| Pell Grants | 9 | 16% | $49,541 | $5,505 |
| Other Federal Grants | 0 | 0% | $0 | - |
| State/Local Grants | 0 | 0% | $0 | - |
| Institutional Grants | 0 | 0% | $0 | - |
| Student Loans | 8 | 14% | $39,652 | $4,957 |
| Federal Student Loans | 8 | 14% | $39,652 | $4,957 |
| Other Student Loans | 0 | 0% | $0 | - |