Financial Aid at Monterey Peninsula
Financial Aid Amount Received
$3,896 (39.26% of tuition)
Percent of Financial Aid Received
42% of 6,514 students
2,872 undergraduate students (42% of all students) have received grants, scholarships, and/or federal student loans at Monterey Peninsula College. The percentage of students who received financial aid lower compared to Public, 2-4 Years Colleges in California.
Compared to similar schools in rankings such as Allan Hancock College and College of the Canyons, the percentage of students who received financial aid is lower (the average of the schools is 58.70%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $3,896 and the average loan amount is $6,959. The average financial aid amount is 39.26% of tuition & fees based on out-of-state rate (tuition & fees: $9,924).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 2,872 | 42% | $11,189,605 | $3,896 |
| Pell Grants | 1,216 | 18% | $4,337,746 | $3,567 |
| Federal Students Loans | 50 | 1% | $347,943 | $6,959 |
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), 320 students have received one or more types of financial aid at Monterey Peninsula College.
The average amount of federal, state, local or institutional grant aid is $4,594 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,424.
The following table shows the financial data by type of aid at Monterey Peninsula College.
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 | 321 | 79% | - | - |
| Grant or scholarship aid | 320 | 79% | $1,470,201 | $4,594 |
| Federal Grants | 190 | 47% | $940,076 | $4,948 |
| Pell Grants | 145 | 36% | $643,204 | $4,436 |
| Other Federal Grants | 165 | 41% | $296,872 | $1,799 |
| State/Local Grants | 306 | 75% | $470,375 | $1,537 |
| Institutional Grants | 37 | 9% | $59,750 | $1,615 |
| Student Loans | 4 | 1% | $29,696 | $7,424 |
| Federal Student Loans | 4 | 1% | $29,696 | $7,424 |
| Other Student Loans | 0 | 0% | $0 | $0 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Monterey Peninsula College.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $956,372 | $6,596 |
| 0 - $30,000 | 63 | 63 | $481,544 | $7,644 |
| $30,001 - $48,000 | 41 | 41 | $275,669 | $6,724 |
| $48,001 - $75,000 | 30 | 30 | $162,766 | $5,426 |
| $75,001 - $110,000 | 9 | 9 | $33,682 | $3,742 |
| $110,001 - more | 2 | 2 | $2,711 | $1,356 |
Paid Tuition Rates by Residency
At Monterey Peninsula College, for the first-time/full-time students, 382 students have paid in-state rate of tuition and 25 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 382 |
| Out-of-State Rate | 25 |
| Un-known | 0 |