$4,802

Avg. Federal Grant

$5,418

Avg. Federal Loan

$7,031,494

Total Aid Awarded

Peru State College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$7.031M

Financial Aid Official Website

www.peru.edu/financialaid

Such schemes include Clifton & Alberta White Memorial Scholarship, Humpert Memorial Scholarship, Maynard Jensen American Legion Memorial Scholarship, and Robert R. Johnson Memorial Scholarship. It is interesting to note that, every year, around 97% of students at PSC receive some kind of financial aid, while the total amount of assistance/loans provided is $6,736,860. More information regarding the financial assistance schemes can be accessed on PSC’s official financial aid page at http://www.peru.edu/financialaid. Notably, a total of 49% of the applicants to Peru State College receive the Federal Grant every year. In comparison, 92% of the students are awarded the Student Grant, 85% get the Institution Grant, and 49% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,382, and the same stands at $962 for State Grant awardees and $3,357 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,440. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Peru State College, the percentage of candidates who opt to avail of student loans is around 70%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

33%

Institution Grant Aid

75%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$4,802

State Grant Aid

$926

Institution Grant Aid

$2,636

Pell Grant

$4,661

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,193

$30,001 - $48,000

$6,465

$48,001 - $75,000

$4,430

$75,001 - $110,000

$2,339

Over $110,000

$2,986

Student Loans for Peru State College

Average Loan Amount Average Loan Amount received per year.

$5,739/Year

Students Taking Out Loans

67%

Loan Default Rate

12.4%

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