$4,902

Avg. Federal Grant

$2,830

Avg. Federal Loan

$28,795,260

Total Aid Awarded

Palomar College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

48%

Total Aid Amount Average Total Aid Awarded per year.

$28.795M

Financial Aid Official Website

www2.palomar.edu/pages/fa/

Students can avail of scholarships provided by the college, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 78% of students at PC receive some kind of financial aid, while the total amount of assistance/loans provided is $693,185. For additional information about financial assistance schemes, one can head over to PC’s financial aid page at http://www2.palomar.edu/pages/fa/. At PC, the total percentage of applicants who receive the Federal Grant stands at 34%. On the other hand, 77% of the candidates get the Student Grant, 11% receive the Institution Grant, and 34% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,928, the State Grant receivers and Institution Grant beneficiaries get $2,043 and $330, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,765. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

64%

Institution Grant Aid

37%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,902

State Grant Aid

$2,041

Institution Grant Aid

$478

Pell Grant

$4,721

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,128

$30,001 - $48,000

$7,671

$48,001 - $75,000

$4,438

$75,001 - $110,000

$2,835

Over $110,000

$1,334

Student Loans for Palomar College

Average Loan Amount Average Loan Amount received per year.

$2,830/Year

Students Taking Out Loans

N/A

Loan Default Rate

13.2%

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