Palm Beach Atlantic University (PBA) Financial Aid and Scholarships
Students Receiving Aid
78%
Total Aid Amount
$42.351M
Financial Aid Official Website
www.pba.edu/financial-aid-scholarships
It is interesting to note that almost every student at PBAU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $8,141,244. More information regarding the financial assistance schemes can be accessed on PBAU’s official financial aid page at http://www.pba.edu/financial-aid-scholarships. The total percentage of candidates applying to Palm Beach Atlantic University who receive the Federal Grant is 33%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 33% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,868, the State Grant receivers and Institution Grant beneficiaries get $6,724 and $16,996, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,529. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $21,697 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $20,408 and $20,689, respectively. Those with an annual income level of $75,001-$110,000 would receive $17,340, while candidates with more than $110,000 of family income receive an average federal aid of $16,374. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At PBAU, an estimated number of 52% of the applicants choose to go for student loans.
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