$3,264

Avg. Federal Grant

$2,561

Avg. Federal Loan

$4,552,298

Total Aid Awarded

Paul Quinn College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$4.552M

Financial Aid Official Website

www.pqc.edu/index.php?option=com_content&view=article&id=126&Itemid=157

It is interesting to note that, every year, around 99% of students at PQC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,935,138. Notably, a total of 89% of the applicants to Paul Quinn College receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 53% are awarded the Institution Grant, while 89% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,343, and the same stands at $3,158 for State Grant awardees and $2,000 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,998. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At PQC, an estimated number of 82% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

90%

State Grant Aid

14%

Institution Grant Aid

98%

Pell Grant

82%

Average Aid Awarded

Federal Grant Aid

$3,264

State Grant Aid

$3,893

Institution Grant Aid

$2,313

Pell Grant

$2,701

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,792

$30,001 - $48,000

$5,734

$48,001 - $75,000

$5,112

$75,001 - $110,000

$4,289

Over $110,000

$3,408

Student Loans for Paul Quinn College

Average Loan Amount Average Loan Amount received per year.

$2,561/Year

Students Taking Out Loans

80%

Loan Default Rate

33.1%

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