$5,594

Avg. Federal Grant

$8,323

Avg. Federal Loan

$685,567

Total Aid Awarded

Paroba College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

53%

Total Aid Amount Average Total Aid Awarded per year.

$685.567K

Financial Aid Official Website

www.paroba.edu

As many as 87% of the students at PCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $754,174 in a year. Notably, a total of 63% of the applicants to Paroba College of Cosmetology receive the Federal Grant every year. In comparison, 63% of the students get the Student Grant, and 63% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,251. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Paroba College of Cosmetology, the percentage of candidates who opt to avail of student loans is around 83%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

79%

Average Aid Awarded

Federal Grant Aid

$5,594

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$5,594

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,309

$30,001 - $48,000

$2,363

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Paroba College

Average Loan Amount Average Loan Amount received per year.

$8,323/Year

Students Taking Out Loans

82%

Loan Default Rate

7.7%

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