$5,395

Avg. Federal Grant

$3,642

Avg. Federal Loan

$80,625,817

Total Aid Awarded

Palm Beach State College (PBSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

45%

Total Aid Amount Average Total Aid Awarded per year.

$80.626M

Financial Aid Official Website

www.palmbeachstate.edu/FinancialAid

Notably, 74% of the students at Palm Beach State College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,901,708. One can visit PBSC's financial aid page at http://www.palmbeachstate.edu/FinancialAid for more information. Notably, a total of 58% of the applicants to Palm Beach State College receive the Federal Grant every year. On the other hand, 67% of the candidates get the Student Grant, 14% receive the Institution Grant, and 58% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,394, the State Grant receivers and Institution Grant beneficiaries get $1,874 and $2,408, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,850. 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. 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. Candidates are also required to repay these loans within a given period. Every year, around 8% of the applicants to Palm Beach State College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

56%

State Grant Aid

56%

Institution Grant Aid

12%

Pell Grant

56%

Average Aid Awarded

Federal Grant Aid

$5,395

State Grant Aid

$1,804

Institution Grant Aid

$1,852

Pell Grant

$5,273

The Palm Beach State College’s financial aid includes Federal Grants, Pell Grants, State grants and Institutional grants, with Federal, Pell and State grants awarded to 56% of the total students with the average aid amount being $5,395, $5,273 and $1,804 respectively.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,663

$30,001 - $48,000

$6,706

$48,001 - $75,000

$3,954

$75,001 - $110,000

$782

Over $110,000

$560

As per the data from the Palm Beach State College’s financial aid office, lower the family income higher is the amount of financial aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $7,663 while those with family income over $110,000 can expect to receive an aid amount of $560. This ensures that bulk of the money is flowing towards those who need it the most. The table provides us with a breakdown of the same:

Student Loans for Palm Beach State College (PBSC)

Average Loan Amount Average Loan Amount received per year.

$3,642/Year

Students Taking Out Loans

7%

Loan Default Rate

8.2%

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