$4,785

Avg. Federal Grant

$5,112

Avg. Federal Loan

$42,350,619

Total Aid Awarded

Palm Beach Atlantic University (PBA) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

53%

Institution Grant Aid

100%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$4,785

State Grant Aid

$5,520

Institution Grant Aid

$15,882

Pell Grant

$4,611

The financial aid provided by Palm Beach Atlantic University comprises of four different grants, Federal Grants, Pell Grants, State Grants and Institutional Grants as mentioned in the above table. The Institutional grant aid covers about 100% of the students population which is the highest value in terms of coverage and it also provide the highest average grant amount among all the other grants which is $15,882.

In terms of coverage the nest grant is State grant aid which covers about 53% of the students in the university and provides financial aid of $5,520 on an average.

The Federal grant aid and the Pell grant aid covers the least number of students with only 36% of coverage each. The average financial aid amount provided under Federal grant aid is $4,785 and for the Pell grant aid the amount is $4,611.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,044

$30,001 - $48,000

$25,097

$48,001 - $75,000

$21,524

$75,001 - $110,000

$19,523

Over $110,000

$16,759

The variation of the federal aid amount offered by the University of Texas at San Antonio on the basis of family income is shown in the above table. The family income is an indicator of the financial status of the student’s families, a better financial status means better is the ability to tackle the educational expenses and less is the financial aid need. The students with a family income of less than $30,000 receives a federal aid of $24,044. The students with a family income of $30,001 to $48,000 receives a federal aid of $25,097. This decrease in federal aid continues till the family income of students reaches to more than $110,000. The students with a family income of more than $110,000 receives a federal aid amount of $16,759.

Student Loans for Palm Beach Atlantic University (PBA)

Average Loan Amount Average Loan Amount received per year.

$6,747/Year

Students Taking Out Loans

62%

Loan Default Rate

3.6%

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