$4,958

Avg. Federal Grant

$5,357

Avg. Federal Loan

$20,016,593

Total Aid Awarded

Piedmont College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$20.017M

Financial Aid Official Website

www.piedmont.edu/pc/index.php/admissions-financial-aid

It is interesting to note that almost every student at PC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,779,972. More information regarding the financial assistance schemes can be accessed on PC’s official financial aid page at http://www.piedmont.edu/pc/index.php/admissions-financial-aid. Notably, a total of 44% of the applicants to Piedmont College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 44% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,811, and the same stands at $3,737 for State Grant awardees and $15,052 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,045. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $20,328 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $21,363, while those falling in the $48,001-$75,000 income category get $18,185 a year. On the other hand, the average federal aid stands at $15,907 for those with an annual family income between $75,001 and $110,000, and at $14,727 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At PC, an estimated number of 68% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

88%

Institution Grant Aid

100%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,958

State Grant Aid

$3,879

Institution Grant Aid

$13,590

Pell Grant

$4,868

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,464

$30,001 - $48,000

$22,693

$48,001 - $75,000

$18,691

$75,001 - $110,000

$17,932

Over $110,000

$16,641

Student Loans for Piedmont College

Average Loan Amount Average Loan Amount received per year.

$6,250/Year

Students Taking Out Loans

73%

Loan Default Rate

5.2%

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