$4,816

Avg. Federal Grant

$4,845

Avg. Federal Loan

$6,418,005

Total Aid Awarded

Panola College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$6.418M

Financial Aid Official Website

www.panola.edu/financial-aid/index.html

As many as 83% of the students at PC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,479,832 in a year. Notably, a total of 58% of the applicants to Panola College receive the Federal Grant every year. In comparison, 81% of the students are awarded the Student Grant, 42% get the Institution Grant, and 58% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,074, the State Grant receivers and Institution Grant beneficiaries get $1,884 and $4,020, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,751. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. At Panola College, the percentage of candidates who opt to avail of student loans is around 18%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

17%

Institution Grant Aid

37%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,816

State Grant Aid

$1,448

Institution Grant Aid

$3,035

Pell Grant

$4,794

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,158

$30,001 - $48,000

$5,863

$48,001 - $75,000

$3,561

$75,001 - $110,000

$2,675

Over $110,000

N/A

Student Loans for Panola College

Average Loan Amount Average Loan Amount received per year.

$4,845/Year

Students Taking Out Loans

24%

Loan Default Rate

6.6%

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