$4,639

Avg. Federal Grant

N/A

Avg. Federal Loan

$3,989,662

Total Aid Awarded

Patrick Henry Community College (PHCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$3.990M

Financial Aid Official Website

www.patrickhenry.edu/future/futurefinances/financial-aid

Notably, around 79% of the students at Patrick Henry Community College receive some kind of financial aid every year, official data shows. For additional information about financial assistance schemes, one can head over to PHCC’s financial aid page at http://www.patrickhenry.edu/future/futurefinances/financial-aid. The total percentage of candidates applying to Patrick Henry Community College who receive the Federal Grant is 66%. In comparison, 69% of the students get the Student Grant, and 66% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,612. 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. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 2% of the applicants to Patrick Henry Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

37%

Institution Grant Aid

N/A

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,639

State Grant Aid

$2,060

Institution Grant Aid

N/A

Pell Grant

$4,554

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,653

$30,001 - $48,000

$6,179

$48,001 - $75,000

$4,956

$75,001 - $110,000

$3,734

Over $110,000

N/A

Student Loans for Patrick Henry Community College (PHCC)

Average Loan Amount Average Loan Amount received per year.

$10,724/Year

Students Taking Out Loans

1%

Loan Default Rate

N/A

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