$7,531

Avg. Federal Grant

$3,870

Avg. Federal Loan

$2,558,663

Total Aid Awarded

Frank Phillips College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$2.559M

Financial Aid Official Website

fpctx.edu/paying-for-college/#financials-tab-3

Students can avail of scholarships provided by the college, such as Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship, if they find educational expenses to be on the higher side. Notably, 80% of the students at Frank Phillips College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $411,129. At FPC, the total percentage of applicants who receive the Federal Grant stands at 54%. In comparison, 64% of the students are awarded the Student Grant, 28% get the Institution Grant, and 54% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $7,538, the State Grant receivers and Institution Grant beneficiaries get $1,485 and $3,543, respectively. And, for the Pell Grant awardees, the average aid amount is $4,544. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At FPC, an estimated number of 12% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

17%

Institution Grant Aid

32%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$7,531

State Grant Aid

$1,894

Institution Grant Aid

$3,145

Pell Grant

$5,039

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,398

$30,001 - $48,000

$6,763

$48,001 - $75,000

$4,253

$75,001 - $110,000

$176

Over $110,000

$926

Student Loans for Frank Phillips College

Average Loan Amount Average Loan Amount received per year.

$3,870/Year

Students Taking Out Loans

18%

Loan Default Rate

12.7%

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