Pensacola state college (PSC) Financial Aid and Scholarships 2021

Notably, 75% of the students at Pensacola State College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,017,032. For additional information about financial assistance schemes, one can head over to PSC’s financial aid page at http://www.pensacolastate.edu/financial-aid/. At PSC, the total percentage of applicants who receive the Federal Grant stands at 55%. In comparison, 67% of the students are awarded the Student Grant, 23% get the Institution Grant, and 52% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,050, the State Grant receivers and Institution Grant beneficiaries get $1,783 and $1,860, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,106. 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. 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. Every year, around 9% of the applicants to Pensacola State College opt for student loans.