$4,305

Avg. Federal Grant

$6,867

Avg. Federal Loan

$530,273

Total Aid Awarded

Pacific College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

26%

Total Aid Amount Average Total Aid Awarded per year.

$530.273K

Financial Aid Official Website

www.pacific-college.edu/financial-aid

Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. Notably, 72% of the students at Pacific College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,994,822. More information regarding the financial assistance schemes can be accessed on PC’s official financial aid page at http://www.lifepacific.edu/cost-aid. The total percentage of candidates applying to Pacific College who receive the Federal Grant is 49%. In comparison, 49% of the students get the Student Grant, and 47% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,663. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $8,381 on average in a year. The average aid amount stands at $6,503 for an annual family income between $30,001 and $48,000. This amount comes to $6,061 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $3,568. And, for those with a family income of more than $110,000, the amount stands at $531. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 Pacific College, the percentage of candidates who opt to avail of student loans is around 68%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

25%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

25%

Average Aid Awarded

Federal Grant Aid

$4,305

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$4,199

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,614

$30,001 - $48,000

$4,578

$48,001 - $75,000

$2,769

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Pacific College

Average Loan Amount Average Loan Amount received per year.

$6,867/Year

Students Taking Out Loans

37%

Loan Default Rate

7.4%

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