$4,409

Avg. Federal Grant

$3,603

Avg. Federal Loan

$10,523,019

Total Aid Awarded

Parkland College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

33%

Total Aid Amount Average Total Aid Awarded per year.

$10.523M

Financial Aid Official Website

https://www.parkland.edu/Main/About-Parkland/Department-Office-Directory/Financial-Aid-and-Veteran-Services

As many as 69% of the students at PC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,801,559 in a year. For additional information about financial assistance schemes, one can head over to PC’s financial aid page at https://www.parkland.edu/Main/About-Parkland/Department-Office-Directory/Financial-Aid-and-Veteran-Services. The total percentage of candidates applying to Parkland College who receive the Federal Grant is 44%. Meanwhile, 50% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 44% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,546, and the same stands at $1,328 for State Grant awardees and $2,725 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,819. 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. 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 Parkland College, the percentage of candidates who opt to avail of student loans is around 50%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

23%

Institution Grant Aid

11%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,409

State Grant Aid

$1,473

Institution Grant Aid

$2,256

Pell Grant

$4,335

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,071

$30,001 - $48,000

$3,916

$48,001 - $75,000

$2,467

$75,001 - $110,000

$225

Over $110,000

$704

Student Loans for Parkland College

Average Loan Amount Average Loan Amount received per year.

$3,815/Year

Students Taking Out Loans

53%

Loan Default Rate

19.5%

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