$4,598

Avg. Federal Grant

$3,944

Avg. Federal Loan

$5,290,957

Total Aid Awarded

Peirce College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$5.291M

Financial Aid Official Website

https://www.peirce.edu/financial-aid-options

Students can avail of scholarships provided by the college, such as Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, and Technology Scholarship, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at PC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $7,144,037 in a year. Notably, a total of 70% of the applicants to Peirce College receive the Federal Grant every year. On the other hand, 80% of the candidates get the Student Grant, 80% receive the Institution Grant, and 70% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,348. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Peirce College, the percentage of candidates who opt to avail of student loans is around 20%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

95%

State Grant Aid

26%

Institution Grant Aid

97%

Pell Grant

95%

Average Aid Awarded

Federal Grant Aid

$4,598

State Grant Aid

$3,671

Institution Grant Aid

$6,891

Pell Grant

$4,433

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,233

$30,001 - $48,000

N/A

$48,001 - $75,000

$2,567

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Peirce College

Average Loan Amount Average Loan Amount received per year.

$3,944/Year

Students Taking Out Loans

11%

Loan Default Rate

13%

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