Scholarships, Grants, and Loan Trends at MWCC

No Change

Received Percent Changed

$1,118

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 2,079, which is 56.78 % of all undergraduate students. 980 students which is 26.33% of undergraduate students received federal student loans and the average loan amount is $4,078.

For full-time, first-time beginning students (freshmen), 72.00% of students received grants or scholarships and 31% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Mount Wachusett Community College since 2014.

For that period, the average number of students who received grants aid/scholarships is 2,079, which is 56.78 % of all undergraduate students. 980 students which is 26.33% of undergraduate students received federal student loans and the average loan amount is $4,078.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-152,641 (61%)$4,6342,152 (50%)$4,2721,390 (32%)$3,335
2015-162,401 (59%)$4,5921,887 (46%)$4,2591,178 (29%)$3,642
2016-172,260 (57%)$4,7711,827 (46%)$4,3431,159 (29%)$3,672
2017-182,152 (56%)$4,8631,770 (46%)$4,2651,080 (28%)$4,002
2018-192,037 (55%)$4,5321,616 (43%)$3,9471,070 (29%)$4,259
2019-202,003 (55%)$4,8951,631 (44%)$4,402955 (26%)$4,297
2020-211,720 (54%)$4,9951,374 (43%)$4,423706 (22%)$4,413
2021-221,688 (53%)$5,4351,319 (42%)$4,808669 (21%)$4,292
2022-231,806 (61%)$5,7521,112 (38%)$4,613614 (21%)$4,791
Average2,079 (56.78%)$4,9411,632 (44.22%)$4,370980 (26.33%)$4,078
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 283 (72.00 % of students) received grants or scholarships and its average amount is $5,787. It can cover 52.23% of tuition & fees ($11,080) based on out-of-state rate.

In addition, 125 (30.78 % of students) students get helped from the students loans (average amount : $4,227).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15391 (78%)$5,120190 (38%)$3,752
2015-16334 (69%)$5,314178 (37%)$4,160
2016-17382 (71%)$5,020177 (33%)$3,768
2017-18334 (80%)$4,905130 (31%)$3,778
2018-19280 (71%)$5,042132 (33%)$4,370
2019-20284 (70%)$5,627117 (29%)$4,217
2020-21225 (79%)$5,72663 (22%)$4,161
2021-22164 (60%)$7,71678 (28%)$4,783
2022-23155 (70%)$7,60958 (26%)$5,053
Average283 (72.00%)$5,787125 (30.78%)$4,227
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 205 (51.56 % of students) received Pell (federal) grants and its average amount is $5,102.

In addition, 239 students received State/local government grants/scholarships (60.89 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15308 (61%)$4,79689 (18%)$279320 (64%)$1,035170 (34%)$990
2015-16252 (52%)$4,86663 (13%)$281296 (61%)$1,229167 (34%)$1,002
2016-17284 (53%)$4,71275 (14%)$305326 (61%)$1,169192 (36%)$913
2017-18225 (54%)$4,97159 (14%)$391261 (63%)$1,413110 (27%)$1,164
2018-19188 (47%)$5,05664 (16%)$302249 (63%)$1,34194 (24%)$1,148
2019-20217 (54%)$5,24482 (20%)$374250 (62%)$1,372100 (25%)$863
2020-21152 (53%)$5,160147 (52%)$1,029161 (56%)$1,66884 (29%)$1,004
2021-22122 (45%)$5,376149 (54%)$1,566153 (56%)$2,03771 (26%)$908
2022-23100 (45%)$5,740149 (67%)$1,577138 (62%)$2,15753 (24%)$1,371
Average205 (51.56%)$5,10297 (29.78%)$678239 (60.89%)$1,491116 (28.78%)$1,040
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 125 (30.78 % of students) get any students loan help and its average loan amount is $125.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15190 (38%)$3,752189 (38%)$3,7241 (0%)$8,896
2015-16178 (37%)$4,160169 (35%)$3,9479 (2%)$8,169
2016-17177 (33%)$3,768174 (33%)$3,7283 (1%)$6,074
2017-18130 (31%)$3,778126 (30%)$3,7204 (1%)$5,630
2018-19132 (33%)$4,370128 (32%)$4,3034 (1%)$6,536
2019-20117 (29%)$4,217115 (28%)$4,1733 (1%)$4,529
2020-2163 (22%)$4,16160 (21%)$4,1133 (1%)$5,115
2021-2278 (28%)$4,78375 (27%)$4,2696 (2%)$8,814
2022-2358 (26%)$5,05356 (25%)$4,9482 (1%)$8,000
Average125 (30.78%)$4,227121 (29.89%)$4,1034 (1.25%)$6,863

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