$5,070

Avg. Federal Grant

$3,421

Avg. Federal Loan

$21,329,827

Total Aid Awarded

Pensacola state college (PSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$21.330M

Financial Aid Official Website

www.pensacolastate.edu/financial-aid/

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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

38%

Institution Grant Aid

21%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,070

State Grant Aid

$1,750

Institution Grant Aid

$1,868

Pell Grant

$5,124

PSC assists all students pursuing degree programs under it. The contribution of diverse grant programs is noted:

  • Federal Grants: This caters to an approximate portion of 52% students with an average aid of $5,070.

  • Pell Grants: Around 50% of the students are offered with an average aid amounting to $5,124.

  • State Grants: This serves around 38% of the students with an average aid of $1,750.

  • Institutional Grants: This caters 21% of the students with an aid of $1,868 in average.

An average of $3,421 federal loans is offered by Pensacola State College for supporting the students with financial extremities.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,099

$30,001 - $48,000

$6,110

$48,001 - $75,000

$3,869

$75,001 - $110,000

$1,762

Over $110,000

$958

There is a huge difference among the financial aid received by various family income groups which benefit in cutting down Pensacola State College tuition costs. The financial aid catering to different income groups fluctuates from $958 to $7,099. The lower income groups receive greater amounts of financial services in contrast to the higher income groups with an average hovering around $3,960.

The income groups of $0 to $30,000, $30,001 to $48,000 and $48,001 to $75,000 ranges, receive financial assistance amounting to $7,099, $6,110 and $3,869, respectively.

Consequently, income groups having a range of $75,001 to $110,000 receive an award of $1,762 and those groups with income above $110,000 receive $958 reward.

Student Loans for Pensacola state college (PSC)

Average Loan Amount Average Loan Amount received per year.

$2,500/Year

Students Taking Out Loans

10%

Loan Default Rate

16.2%