$4,988

Avg. Federal Grant

$5,982

Avg. Federal Loan

$1,610,136

Total Aid Awarded

Pennsylvania College of Art and Design (PCA&D) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$1.610M

Financial Aid Official Website

www.pcad.edu/finaid

It is interesting to note that almost every student at PCAD receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,430,256. Notably, a total of 48% of the applicants to Pennsylvania College of Art and Design receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,866, and the same stands at $3,585 for State Grant awardees and $4,375 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,518. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 91% of the applicants to Pennsylvania College of Art and Design opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

48%

Institution Grant Aid

99%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,988

State Grant Aid

$3,656

Institution Grant Aid

$3,706

Pell Grant

$4,822

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,728

$30,001 - $48,000

$12,066

$48,001 - $75,000

$7,394

$75,001 - $110,000

$4,249

Over $110,000

$3,061

Student Loans for Pennsylvania College of Art and Design (PCA&D)

Average Loan Amount Average Loan Amount received per year.

$14,619/Year

Students Taking Out Loans

89%

Loan Default Rate

14.2%

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