$4,143

Avg. Federal Grant

$4,521

Avg. Federal Loan

$13,241,681

Total Aid Awarded

Pierce College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$13.242M

Financial Aid Official Website

www.pierce.ctc.edu/financial-aid

Such schemes include CCNMA Scholarship, Cal Grant A, Cal Grant B, and College Fee Waiver. As many as 52% of the students at PCFS get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,884,157 in a year. At PCFS, the total percentage of applicants who receive the Federal Grant stands at 34%. On the other hand, 39% of the candidates get the Student Grant, 5% receive the Institution Grant, and 34% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,490, the State Grant receivers and Institution Grant beneficiaries get $3,615 and $1,715, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,205. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 PCFS, an estimated number of 18% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

36%

Institution Grant Aid

11%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,143

State Grant Aid

$2,926

Institution Grant Aid

$1,529

Pell Grant

$4,129

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,840

$30,001 - $48,000

$5,080

$48,001 - $75,000

$3,347

$75,001 - $110,000

N/A

Over $110,000

$306

Student Loans for Pierce College

Average Loan Amount Average Loan Amount received per year.

$4,527/Year

Students Taking Out Loans

20%

Loan Default Rate

13.4%

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