$4,679

Avg. Federal Grant

$3,082

Avg. Federal Loan

$18,880,352

Total Aid Awarded

Phoenix College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$18.880M

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 80% of students at PC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,863,847. One can visit PC's financial aid page at https://www.phoenixcollege.edu/pay-college/financial-aid for more information. The total percentage of candidates applying to Phoenix College who receive the Federal Grant is 69%. Meanwhile, 77% of the applicants receive the Student Grant and 27% are awarded the Institution Grant, while 69% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,994, and the same stands at $583 for State Grant awardees and $1,104 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,738. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Phoenix College, the percentage of candidates who opt to avail of student loans is around 7%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

70%

State Grant Aid

1%

Institution Grant Aid

17%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$4,679

State Grant Aid

$500

Institution Grant Aid

$1,244

Pell Grant

$4,656

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,330

$30,001 - $48,000

$4,463

$48,001 - $75,000

$3,287

$75,001 - $110,000

$869

Over $110,000

$223

Student Loans for Phoenix College

Average Loan Amount Average Loan Amount received per year.

$3,082/Year

Students Taking Out Loans

7%

Loan Default Rate

17.8%

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